True Global Ventures 4 Plus, World’s First Truly Global Blockchain Equity Fund, Oversubscribed Surpassing $100M Target
Singapore-regulated venture fund invests in serial entrepreneur late-stage equity blockchain companies
SINGAPORE - Media OutReach - 1 September 2021 - True Global
Ventures (TGV) announced its recently closed True Global Ventures 4 Plus (TGV 4
Plus) Fund, the world's first truly global blockchain equity fund was
oversubscribed—surpassing its US$100 million target.
The fund is dedicated to blockchain companies, primarily in late-stage Series B
and C across four verticals: Entertainment, infrastructure, financial services,
data analytics and artificial intelligence (AI).
The TGV 4 Plus fund has invested in five companies to date: Animoca
Brands, unicorn global market leader in "Play-to-Earn" blockchain gaming and
non-fungible tokens (NFTs); Forge Global, global market leader in secondary
private markets; The Sandbox, global market leader in gaming metaverse; Canada
Computational Unlimited, Bitcoin mining company with 100% renewable energy and
QuantumRock, AI asset management market leader. Under TGV 4 Plus, these
portfolio companies have seen material value creation and commercial traction
in the past months.
As a Singapore-regulated venture capital fund, TGV 4 Plus has
several Singapore-based partners who are seasoned investors,
entrepreneurs, and corporate leaders
from companies past/present such as PropertyGuru, LinkedIn, ZopIM/Zendesk, and
Brandtology/iSentia. The Singapore partners include Beatrice Lion, Celine
Lecotonnec, Lim Qing Ru, Dusan Stojanovic, Jani Rautiainen, Justin Holm, Kelly
Choo, Olivier Legrand, among others.
Tan Ting Yong, Investment Director, Octava Family Office and TGV
Limited Partner, said, "TGV is like a network of serial entrepreneurial
partners with their portfolio companies. We've seen how they put a lot of
effort to get introductions and help these companies grow, on top of the money
invested into them."
Grand View Research showed that the global blockchain technology
market is expected to reach US$394.60 billion by 2028 and expand at a CAGR of
82.4% from 2021 to 2028. Much of this growth comes from financial institutions
looking to deploy blockchain applications. These include NFTs, enterprise
blockchain solutions, digital identities, central bank digital currencies, and
decentralized finance (DeFi). As such, increased commercial adoption of DLTs
such as blockchain will help to accelerate the mainstream adoption of digital
With the growing recognition of blockchain equity as an asset class,
TGV plans for more equity funding rounds, following the TGV 4 Plus Fund launch.
TGV 4 Plus' 40 partners contributed 27% of the fund, together with
entrepreneurs, business angels, family offices and institutional investors, many
with co-investment rights in future equity rounds. The partners help portfolio
companies with commercial relationships, investment promotions, introductions
to VCs, loans, and private equity firms for refinancing, and company
acquisitions and exits.
"The TGV team has created incredible value for their portfolio
companies by helping them with client and partner introductions, and also with
next round financing and exits," added Luke Lim, Managing Director, Phillip
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 early and late-stage ventures run
by serial entrepreneurs. Portfolio companies leverage technology, data, AI and
blockchain as a competitive advantage to drive change with proven products. TGV
is present in 20 cities: Singapore, Hong Kong, Taipei, Dubai, Abu Dhabi,
Moscow, Stockholm, Paris, Warsaw, New York, San Francisco, and Vancouver, among
others. Visit us at www.tgv4plus.com,
and follow us on LinkedIn andTwitter.