Na het succes van zijn True Global Ventures 4 Plus-basisfonds, met 2 Unicorns en 2 bedrijven die naar de beurs gingen, investeerde het fonds in Web3-leiders zoals Animoca Brands, The Sandbox, Forge, Chromaway, Coinhouse, GCEX, Chronicled en anderen. TGV zet zijn succes voort met een Follow On Fund dat een verdubbeling ten opzichte van de basisfondswinnaars oplevert.

SINGAPORE–(BUSINESS WIRE)– True Global Ventures 4 Plus (TGV4 Plus) Fund kondigt vandaag de eerste sluiting aan van zijn US$146m Follow On Fund.

Het TGV4 Plus Follow On Fund heeft een groep van 15 General Partners (GP), die het fonds en zijn investeringscomité leiden en meer dan 62 miljoen dollar van hun geld in het fonds steken. Dit is een totale inzet van meer dan 40% van de totale fondsomvang en gemiddeld meer dan 4 miljoen dollar per huisarts. De eerste kapitaalstorting van het fonds is volledig gestort.

True Global Ventures Closes New US$146m Follow On Fund, with GP Commit of US$62m to Invest Into Late Stage Web3 Winners

Following the success of its True Global Ventures 4 Plus base fund, with 2 Unicorns and 2 companies that went public, the fund invested into Web3 leaders like Animoca Brands, The Sandbox, Forge, Chromaway, Coinhouse, GCEX, Chronicled and others. TGV continues its success with a Follow On Fund that is doubling down on the base fund winners.

SINGAPORE–(BUSINESS WIRE)– True Global Ventures 4 Plus (TGV4 Plus) Fund today announces its first closure of its US$146m Follow On Fund.

The TGV4 Plus Follow On Fund has a group of 15 General Partners (GP), who lead the fund and its Investment Committee, putting in more than US$62m of their money into the fund. This is a total GP commitment of over 40% of the total fund size and over US$4m per GP on average. The first capital call of the fund has been fully paid in.

The TGV 4 Plus base fund invested in serial entrepreneurs leading globally ambitious Blockchain start-ups. It covers 20 cities in North America, Europe and Asia. The fund is dedicated to Web3 companies, primarily in late-stage Series A, B and C across 3 verticals: Entertainment & gaming, financial services, infrastructure & data analytics / Artificial Intelligence (AI). Founded by an international group of “super angels”, TGV 4 Plus limited partners are entrepreneurs, business angels, family offices, and institutional investors.

It has invested in some of the leading Web3 companies such as Animoca Brands, The Sandbox, Forge, Chromaway, Coinhouse, GCEX, Chronicled and others.

The new Follow On Fund will focus on investing a majority of its capital into selected TGV 4 Plus base fund companies. It might also invest in other late stage Web3 deals opportunistically.

“The base fund has been a fantastic success, but we are still only in the starting blocks of Web3. We believe that our early winners will grow even stronger and with the Follow On Fund, we give our partners an opportunity to invest more into these companies” says Fredrik Adolfsson, General Partner.

“After some years of growth, our best portfolio companies are looking to expand even further. We want to help and assist them with the Follow On Fund, as we are ready on the starting blocks, when many growth funds focus on regaining investors’ trust during this period”, says Konrad Wawruch, General Partner.

General Partner Dušan Stojanović adds, “We raised the money in record time in 4 months and we believe this is the best time to invest during market corrections. I would say that it is much easier to see more clearly who the winners are now. This has created a high level of confidence amongst our investors who have seen a large GP Commit and the first call being executed very quickly”.

With the recognition of established decentralized Web3 use cases, TGV continues to invest in serial entrepreneurs leading globally ambitious Blockchain start-ups.

Start-ups can reach out via LinkedIn or through the Fund’s Contact page:

https://www.tgv4plus.com/contact.html

About True Global Ventures

True Global Ventures (TGV) is a global Venture Capital firm built by a group of serial entrepreneurs with a solid track record of investing their own money together with Limited Partners into ventures run by serial entrepreneurs. Portfolio companies leverage web3 technologies, incorporating blockchain as competitive advantages to drive change with proven products. TGV is a distributed fund with a presence in 20 cities, including Singapore, Hong Kong, Taipei, Dubai, Abu Dhabi, Moscow, Stockholm, Paris, Luxemburg, Madrid, Warsaw, New York, San Francisco, and Vancouver. The TGV 4 Plus Follow On Fund focuses on investing a majority of its capital into selected TGV 4 Plus base fund companies. It might also invest in other late stage Web3 deals opportunistically.

Visit us at www.tgv4plus.com, and follow us on LinkedIn and Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615005406/en/

Contacts

Media: info@trueglobalventures.com