True Global Ventures 4 Plus, World’s First Truly Global Blockchain Equity Fund, Oversubscribed Surpassing $100M Target
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.
Jakob Thureson, Investment Management, Thureda Gruppen AB, said,
"We're impressed by the unique deal sourcing quality of TGV in selecting bold
teams and start-ups. It gives us a unique opportunity to invest in companies
that we wouldn't have been able to on our own and the potential for out-sized
return on investment."
Financial institutions are a key growth driver as they look to
deploy blockchain applications in NFTs, enterprise blockchain solutions,
digital identities, digital currencies, and decentralized finance (DeFi).
Increased commercial adoption of distributed ledger technologies (DLTs) such as
blockchain will accelerate the mainstream adoption of digital currencies.
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.
"TGV has shown that they can add value to their portfolio companies
with client introductions internationally. They also help them with next round
financing and ultimately find the exit," added Pascal Chevalier, Chairman,
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 and Twitter.