TGV 4 Plus

History

2021: Launch of the fund with a focus on blockchain projects

On September 1, 2021, Singapore-based investment company True Global Ventures announced the closure of the TGV 4 Plus fund, under which it is planned to invest in technology companies in late stages (series B and C). The emphasis is planned to be on blockchain projects.

TGV 4 Plus was funded by 40 partners. The fund is represented in 20 cities around the world - in Singapore, Hong Kong, Taipei, Seoul, Dubai, Moscow, London, Stockholm, Paris, New York, San Francisco and others. The foundation will look for startups from cities of presence.

True Global Ventures launched a $100 million fund, part of the investment is allocated to Russia

Partners contributed 27% of the fund's budget, entrepreneurs, business angels, family offices and institutional investors also invested. Some have the right to invest together.

The general partner of the venture capital company, as reported, was a business angel, co-founder of Angelsdeck Sergey Dashkov, which opens up the possibility of new transactions in the local market and the potential participation of Russian investors as Limited Partners.

It is unlikely that this fund, since it is already closed, and with a large retransmission. But this is likely in the future, - said Dashkov.

By September 1, 2021, the TGV 4 Plus fund invested in five companies: Animoca Brands, Forge Global, The Sandbox, Canada Computational Unlimited and QuantumRock. The Animoca company which is engaged a blockchain games and NFT technologies reached the status of a unicorn (the cost of business exceeds $1 billion), and and Sandbox (develops game meta-Vselennuyu with digital tokens on a blockchain) can become such "in the near future", the founder of Gust LLC and one of partners of TGV 4 Plus David Rose reported to Bloomberg.

We find companies at an early stage of development, invest in them and firmly and in advance commit ourselves, "he said.[1]

Notes