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Global Equity Fund blockchain - True Global Ventures 4 Plus, completed the investment round with an oversubscription of $ 100 million. The investments covered five companies operating in various sectors.

The first fund investing in blockchain companies

At the beginning of September True Global Ventures (TGV) has announced an oversubscription of the recently closed fund True Global Ventures 4 Plus (TGV 4 Plus) - the threshold of USD 100 million has been exceeded. TGV 4 Plus is the first fund on a global scale to invest in the capital of blockchain companies.

He is interested in investments in late stages of development (B / C series) in areas such as entertainment, blockchain technology, finance, data analysis and artificial intelligence. The companies in which True Global Ventures 4 Plus has invested so far are: Animoca Brands, Forgr Global, The Sandbox, Canada Computation Unlimited and QuantumRock.

True Global Ventures representatives are pleased that the choice fell on these companies and ensure that the benefits of the investment will be mutual.

Blockchain technology support

More and more modern enterprises are turning to solutions such as blockchain technology, NFT, digital currencies and distributed finance (DeFi), which constitute one of the most important growth factors. In turn, faster adaptation of digital money is possible thanks to the distributed ledger technology (DLT). Therefore, after True Global Ventures 4 Plus, another round of equity financing is planned.

A total of 40 partners of the fund contributed 27% of the capital. In this way, portfolio companies received assistance in commercial relations, promotion of their investments, in financial matters and in acquisitions and exits from investments. There are many indications that in the near future blockchain technology will gain importance in European countries. Not only does it increasingly integrate with the developing gaming sector, but it is also dealt with by highly qualified specialists.

In addition, both the creators of the ecosystem and representatives of public administration provide valuable support to blockchain startups.

About True Global Ventures

True Global Ventures is a global VC fund created by a group of entrepreneurs with extensive investment experience. Its main assumption is that portfolio companies will gain the ability to use blockchain technology, data and artificial intelligence to build a competitive advantage and develop. TGV is present in several countries, incl. in China, France, Sweden, the United States, and also in Poland.

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