Singapore-based venture fund True Global Ventures 4 Plus (TGV4 Plus) Fund is investing about $25 million into the equity of five industry-redefining Web3 and blockchain.
TGV4 Plus said in a statement that the fund focuses on three main verticals in Web3 which are infrastructure, financial services that are powered with blockchain and entertainment like play-to-earn games GameFi, metaverses, non-fungible tokens (NFTs).
Leveraging on the success of early investments into Animoca Brands, The Sandbox, the fund has recently invested into three companies, namely Forza Ikonia in November 2021, Pinktada and PictureThis in December 2021.
Forza Ikonia recently sold out their Mauer (Berlin Wall) NFTs for 3 Million SEK (about $330,000) their second drop in less than 20 minutes when the sale went public, announcing a historic collaboration with The Sandbox to celebrate the collection’s completion by destroying a virtual representation of the Berlin Wall together with all Sandbox players in later 2022.
Pinktada launched their ultra-exclusive Legendary Travelers series of NFTs, minted to mark Pinktada’s seminal pre-launch phase is a testament to the courageous, travel-loving spirit of its holders. The holders of these NFTs get benefits beyond economic value too.
PictureThis was launched by a world-class team in Photographic art. The platform will market and sell premium NFTs designed to bridge the physical and digital worlds and represent a hybrid ownership experience coming with a physical photography artwork together with an Augmented Reality (AR) or any other digitally immersive experience.
TGV4 Plus has five new companies in the three main verticals, where it is deploying around $25 million to further its growth.
“They will be either leaders in their segments or game-changers that will be important stakeholders to bring about the Web3 revolution. This will take TGV4 Plus fund to a total of 13 portfolio companies,” it said.
To further strengthen TGV4 Plus, and to support its rapid global expansion, TGV4 Plus also welcomes its new partners Per Kronholm, Olivier Crespin, and Pearce Clune to its global network.
With the recognition of Web3 revolution with innovative blockchain and NFT use cases, TGV4 Plus said it continues to invest in talented serial entrepreneurs leading globally ambitious blockchain start-ups.
The fund is dedicated to Web3 and blockchain companies, primarily in late-stage Series B and C with an investment focus on three verticals: entertainment, infrastructure, financial services.
Founded by an international group of ‘super angels’, TGV’s partners are entrepreneurs, business angels, family offices, and institutional investors, many with co-investment rights in future equity rounds.
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.
Its 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, Madrid, Warsaw, New York, San Francisco, and Vancouver.