True Ventures, the newish VC firm which has primarily invested in digital media till now, has closed its inaugural fund with $155 million, after having launched earlier this year with a $125 million target. Limited partners include Paul Capital Partners and Park Street Capital.
The firm made four investments: Automattic (blogging software also known as WordPress), Meebo (instant messaging), ScanR (capture digital info via camera phone) and Sphere (blog search engine). True also has added four portfolio companies following its initial fund close, including GigaOm (online tech content) and SendMe (mobile entertainment). Details of the other two deals are undisclosed.