Business Wire

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

Share

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.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media: info@trueglobalventures.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Western Union Highlights ESG Progress and Recognitions Received29.6.2022 15:00:00 EEST | Press release

The Western Union Company (NYSE: WU) today released its 2021 Environmental, Social and Governance (ESG) Report, spotlighting the Company’s ongoing commitment to advancing its strategy and actions aligned with key ESG priorities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220629005138/en/ Western Union's 2021 ESG report spotlights the Company’s ongoing commitment to advancing its strategy and actions aligned with key ESG priorities.(Photo: Business Wire) “People are drawn to work for and do business with companies that make an impact,” said Devin McGranahan, Chief Executive Officer. “This year’s report shows that Western Union continues to make solid progress on our ESG journey, which in turn enables us to effect even more positive change in the communities we serve. I’m proud to work with colleagues who bring their best every day to improve the lives of our customers and communities around the world.” 2021 ESG Highlights

Pyramid Analytics Wins 2022 Ventana Research Digital Innovation Award in Analytics Category29.6.2022 15:00:00 EEST | Press release

Pyramid Analytics (Pyramid), a pioneering decision intelligence platform provider, today announced that the company won a 2022 Ventana Research Digital Innovation Award. The company’s Pyramid Decision Intelligence Platform was selected over finalists Qlik Active Intelligence and H2O AI Cloud in the Analytics category of the 15th edition of the respected analyst firm’s awards program. The award is given to the technology vendor that best exemplifies innovation in any use or application of analytics across business and/or IT. The Business Intelligence and Analytics segment of the global software market is highly competitive. There are an estimated 120 vendors in the space. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220629005330/en/ Pyramid Analytics, a pioneering decision intelligence platform provider, won a 2022 Ventana Research Digital Innovation Award. The Pyramid Decision Intelligence Platform was selected over finali

GPS Announces New Senior Leadership Changes29.6.2022 14:14:00 EEST | Press release

Global Processing Services (GPS), a leading global payment technology platform, has today announced the promotion of Joanne Dewar to Vice Chair. Kevin Schultz has also been appointed as Chief Executive Officer, effective immediately. Joanne will maintain her position on the GPS board, where she will focus on the group’s growth and global profile, and continue to work alongside Chair, Gene Lockhart, in a newly created Office of the Chair. Joanne had been CEO at GPS for over four years and was instrumental in scaling the company and securing investment from arguably the most impressive consortium in the payments industry. Kevin brings a wealth of executive leadership experience in the payments and digital banking industry to his new role as CEO, where he will primarily focus on strategy and execution. Most recently, Kevin served as Fiserv’s Group President of the Digital Banking. Prior to Fiserv, Kevin served as President, Global Financial Services at First Data, following nearly 16 year

Velodyne Lidar CMO Sally Frykman Wins Woman of the Year Award at Sensors Converge Conference29.6.2022 13:48:00 EEST | Press release

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced its Chief Marketing Officer (CMO) Sally Frykman won the 2022 Woman of the Year award from Sensors Converge and Fierce Electronics. The Best of Sensors Awards recognize the best and most innovative products, technologies, teams and people in the sensors industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220629005178/en/ Sally Frykman, Chief Marketing Officer (CMO) at Velodyne Lidar, won the 2022 Woman of the Year award from Sensors Converge and Fierce Electronics. (Graphic: Velodyne Lidar) The Sensors Converge conference, which is taking place now in San Jose, covers sensors and electronics technologies and applications that are driving industry innovation. The conference’s awards, selected by a panel of industry experts, were presented yesterday at an event honoring the best in sensor technologies and the sensor ecosystem, people and companies. “Sally is very d

NICE Publishes Final Appraisal Document Recommending the Use of Adtralza® (tralokinumab) for Adult Patients With Moderate-to-Severe Atopic Dermatitis29.6.2022 13:47:00 EEST | Press release

LEO Pharma A/S, a global leader in medical dermatology, today announced that the National Institute for Health and Care Excellence (NICE) has issued a positive Final Appraisal Document (FAD) which recommends Adtralza® (tralokinumab) for use within NHS England and Wales. NICE recommends Adtralza for the treatment of moderate-to-severe atopic dermatitis (AD) in adult patients who are candidates for systemic therapy and have not responded to at least one systemic immunosuppressant, or these are not suitable.1 The NICE recommendation makes Adtralza the first and only recommended biologic for use within NHS England and Wales that specifically targets the interleukin (IL)-13 cytokine, a driver of AD signs and symptoms.1,2,3 AD affects approximately 3.5% of adults across Europe.7 “We are thrilled that today’s decision from NICE will help pave the way for atopic dermatitis patients in England and Wales to have access to Adtralza, as we continue to work alongside UK authorities to ensure reimbu

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom