True North Venture Partners is an American

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

firm, based in Chicago, Illinois and Phoenix, Arizona. The founder, managing partner and chairman is Michael J. Ahearn, who is also the co-founder and chairman of

First Solar First Solar, Inc. is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling. First Solar uses rigid thi ...

History

True North was founded in 2011 with $300 million. The firm's focus is mostly on early stage companies, with investments ranging from $100,000 to $25 million, and geared towards startups across the energy, water, agriculture and waste industries. Ahearn was a former partner and president of an equity investment firm called JWMA (formerly called True North Partners, LLC), which he started with John T. Walton, son of

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquarter ...

founder

Sam Walton Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American business magnate best known for founding the retailers Walmart and Sam's Club, which he started in 1962 and 1983 respectively. Wal-Mart Stores Inc. grew to be the world's l ...

, in 1996. JWMA Partners was one of the largest holders of

stock, and Walmart invested $25 million in First Solar in 2008.

References

{{DEFAULTSORT:True North Venture Partners Financial services companies established in 2011 Investment management companies of the United States American companies established in 2011 Venture capital firms of the United States Companies based in Chicago

History

See also

References