Austin-based True Wealth Ventures raises second fund to back women-led startups

Sara Brand and Kerry Rupp of Austin, Texas-based True Wealth Ventures defy many trends in the venture capital world. The investors, who raised $19.1 million for their first fund in 2018, have just closed on $35 million in new capital for their firm’s second fund.
In an ecosystem where women make up just 2.4% of partners at venture firms and considering that the vast majority of first-time funds never actually make it to closing, Brand and Rupp are used to beating the odds. Their investment approach is just as unique in the VC world as their backgrounds: they invest exclusively in seed-st

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