Truist

Truist

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Investment Firm

Overview

BB&T and SunTrust formed Truist with a shared purpose—to inspire and build better lives and communities. With our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more. With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. Truist Bank, Member FDIC.

Highlights

Founded

2019

Industry

Financial Services

Employees

10001+

Investment

30

Lead Investment

23

Exits

8

Stages

Seed, Late Stage Venture

Investor Type

Investment Bank

Location

United States, North America

Contact Information

Social

Profile Resume

Truist, established in 2019 and headquartered in United States, North America., specializes in Seed, Late Stage Venture investments across Real Estate, Commercial Real Estate, Commercial, Financial Services, Finance, Retail, Sales, Automotive, Banking, Asset Management. The organization boasts a portfolio of 29 investments, with an average round size of $353.1M and 8 successful exits. Their recent investments include The Stro Companies, PennantPark Investment Corp, Group 1 Automotive, Santander Bank, JP Morgan Chase. The highest investment round they participated in was $1335.2B. Among their most notable exits are The Stro Companies and PennantPark Investment Corp. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Mike Petanovitch

Mike Petanovitch

SVP & Head of Technology, LightStream

imagePlace David Dunphy

David Dunphy

VP, Lead Strategist Cyber Program

imagePlace Ramya Gurram

Ramya Gurram

Software Engineer III and Lead SDET

imagePlace Lindsay Holden

Lindsay Holden

SVP, Head of Truist Foundry

imagePlace Ellen Fitzsimmons

Ellen Fitzsimmons

Chief Legal Officer and Head of Public Affairs

imagePlace Ashwin Nayak

Ashwin Nayak

Head of Data Product

Investment portfolio

Truist has made 30 investments. Their most recent investment was on Jul 12, 2024, when The Stro Companies raised $25.0M.

Truist has made 2 diversity investments. Their most recent diversity investment was on Feb 02, 2022, when Launch Tennessee raised $100.0K.

investments

30

Diversity investments

2

Lead investments

23

Number of exits

8

Investments

30

Annouced DateOrganization NameIndustryMoney Raised
Mar 26, 2024
Vuln Voyager Vuln Voyager
Information Technology50.0K
Apr 30, 2024
Group 1 Automotive Group 1 Automotive
Retail2500.0M
Jun 04, 2024
PennantPark Investment Corp PennantPark Investment Corp
Financial Services611.0M
Jul 12, 2024
The Stro Companies The Stro Companies
Real Estate25.0M

Exits

8

Funding Timeline

Funding rounds

30

Investors

1

Funds

0

Funding Rounds

30

Truist has raised 30 rounds. Their latest funding was raised on Jul 12, 2024 from a Debt Financing - The Stro Companies round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Mar 26, 2024
Pre Seed Round - Vuln Voyager Pre Seed Round - Vuln Voyager
-50.0K-
Apr 30, 2024
Post-IPO Debt - Group 1 Automotive Post-IPO Debt - Group 1 Automotive
-2500.0M-
Jun 04, 2024
Post-IPO Debt - PennantPark Investment Corp Post-IPO Debt - PennantPark Investment Corp
-611.0M-
Jul 12, 2024
Debt Financing - The Stro Companies Debt Financing - The Stro Companies
-25.0M-

Investors

1

Truist is funded by 1 investor(s). AC Ventures Kantor is the most recent investors.

Investor NameLead InvestorFunding RoundMoney Raised
AC Ventures AC Ventures
No
Seed Round - Truist
0

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

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