World’s First Truly Global Blockchain Equity Fund Oversubscribed Surpassing $100m Target

True Global Ventures (TGV) announced the closing of its True Global Ventures 4 Plus (TGV 4 Plus) Fund at over $100 million, dedicated to blockchain companies primarily in late-stage equity funding Series B and C.

The fund’s four investment committees focus on companies that bring the latest technology in Distributed Ledger Technology (DLT) across four verticals: entertainment, infrastructure, financial services, data analytics & artificial intelligence (AI).

Blockchain Technology Market

Grand View Research showed that the global blockchain technology market is expected to reach $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 non-fungible tokens (NFT), 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 currencies.

TGV 4 Plus is funded by 40 partners who contributed 27% of the fund, together with a number of entrepreneurs, business angels, family offices and institutional investors, many with co-investment rights in future equity rounds.

Investments

The fund has invested in five companies to date, including one of the world’s first NFT-focused unicorns. Under TGV 4 Plus, these portfolio companies have seen material value creation and commercial traction in the past months:

—  Animoca Brands: Unicorn global market leader in “Play-to-Earn” blockchain gaming and NFT.
—  Forge Global: Global market leader in secondary private markets.
—  The Sandbox: Global market leader in gaming metaverse.
—  Canada Computational Unlimited Inc.: Bitcoin mining with 100% renewable energy.
—  QuantumRock: AI asset management market leader.

Eric Munson, CIO & Founder, Adit Ventures, said, “We’ve been impressed by TGV’s unique deal sourcing and selection of bold entrepreneurs and companies across the globe. This has enabled us to deliver outsized returns across all our family, friends and Investor partners.”

Serial Entrepreneurs Helping Portfolio Companies

As TGV’s partners themselves are serial entrepreneurs, their experience helps portfolio companies to accelerate growth with global commercial relationships, promote investments, and connect with traditional VCs, loans, and private equity firms for refinancing, thus bringing extensive experience in company acquisition and exit.

TGV has run 56 events over five years, including eight invitation-only conferences every year. These events showcase portfolio companies, create an ecosystem for fruitful encounters, generate business and share investment opportunities with leading technology entrepreneurs, business angels, VCs, family offices, and institutional investors. These encounters are where portfolio companies land deals and their subsequent financing rounds. Visit the TGV4 website for details on the September 16, 2021 global conference.

“The TGV team continues to demonstrate their incredible value add to their portfolio companies by helping them not only with client introductions but also with next round financing and ultimately exits,” added Howard Morgan, Chairman, B Capital Group, Co-Founder, First Round Capital.

About True Global Ventures

True Global Ventures 4 Plus (TGV 4 Plus) is a global Venture Capital firm, regulated in Singapore, built by a group of very experienced entrepreneurs with a solid track record investing their own money together with Limited Partners into early-stage and late-stage ventures run by serial entrepreneurs leveraging Technology, Data, AI and Blockchain as a competitive advantage to drive change with proven products.

TGV 4 Plus invests in Equity across 4 main verticals: Infrastructure, Financial Services, Data Analytics & AI, and Entertainment, in companies that are using the latest technology including the Blockchain / Distributed Ledger Technology. Made by serial entrepreneurs for Serial Entrepreneurs, the TGV 4 Plus Fund has a presence in 20 cities across the globe.

Based out of Singapore, Hong Kong, Taipei, Seoul, Dubai, Moscow, London, Stockholm, Paris, Warsaw, New York, San Francisco, Vancouver. among others. True Global Ventures closely supports the portfolio companies to accelerate growth in new markets, expand internationally, introduce new clients, build management teams, establish new partnerships and leverage on 3000+ B2B relationships across the globe.

LinkedIn: https://www.linkedin.com/company/true-global-ventures