Early stage VC firm True Ventures raises new $250M fund

True Ventures has a hole burning in its pocket, and developer-focused companies are first on its wishlist.

The early-stage venture capital firm makes lots of investments in hot areas like the Internet of things and cloud-based software for developers, has raised $250 million for a fourth fund.

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":898350,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"D"}']

True disclosed the raise in a filing today to the U.S. Securities and Exchange Commission. The filing comes weeks after a report from Fortune’s Dan Primack that True had raised $225 million for a new fund.

Representatives of True did not immediately respond to VentureBeat’s requests for comment.

True Ventures stands out in the venture capital crowd these days. The firm was one of the 20 most active seed dealmakers in 2012 and 2013, according to data from private-company research firm CB Insights.

And last month CB Insights called True the second most active Internet of things investor, right behind Intel Capital.

Recent investments include Node.js startup Npm, database startup Orchestrate, and wearable company FitBit.

True was founded in 2006. Co-founders Jon Callaghan and Phil Black worked together at Summit Partners in the 1990s.