{"id":21560,"date":"2022-07-01T19:34:49","date_gmt":"2022-07-01T19:34:49","guid":{"rendered":"http:\/\/egrowonline.com\/?p=21560"},"modified":"2022-07-01T19:34:49","modified_gmt":"2022-07-01T19:34:49","slug":"true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=21560","title":{"rendered":"True Global Ventures doubles down on Web3 with $146M \u2018follow-on\u2019 fund"},"content":{"rendered":"


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Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects \u2014 highlighting investors\u2019 continued interest in crypto despite an ongoing bear market.<\/p>\n

The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group of 15 general partners who committed over $4 million on average (over 40%, or $62 million) into the fund. The majority of the funding will be primarily injected into Web3 companies within TGV\u2019s portfolio, while the remaining will be used to invest in late-stage Web3 opportunities. <\/p>\n

TGV previously invested in numerous Web3 initiatives using a base fund dedicated to the late-stage Series A, B and C across three business verticals: entertainment and gaming, financial services, and artificial intelligence. Prominent TGV investments include The Sandbox, Animoca Brands and Forge, among others.<\/p>\n

Du\u0161an Stojanovi\u0107, one of TGV\u2019s 15 general partners, shared his thoughts on investing during the bear market:<\/p>\n

\u201cIt is much easier to see more clearly who the winners are now. This has created a high level of confidence amongst our investors.\u201d<\/p><\/blockquote>\n

Stojanovi\u0107 also shared that\u00a0market correction helps to select the strongest players as he advised fellow VCs to continue investing in crypto businesses:<\/p>\n

“Regardless of the market situation, there are always good teams having great products at the proper time. Crisis is the best time to invest, not the bull market.”<\/p><\/blockquote>\n

Related: <\/em><\/strong>Huobi Global launches $1B investment arm focused on DeFi and Web3<\/em><\/strong><\/a><\/p>\n

Last week, on Friday, major crypto exchange Huobi Global launched Ivy Blocks, a new investment arm with a capital of over $1 billion in crypto assets. <\/p>\n

In addition to the cash injection, Huobi offers other services including an asset management platform, a new blockchain incubator and a dedicated research arm. <\/p>\n

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#Huobi<\/a> launches 1 BILLION investment arm to #BUIDL<\/a> defi and #web3<\/a>! https:\/\/t.co\/I1XJ1S4y1O<\/a><\/p>\n

\u2014 Du Jun (@DujunX) June 11, 2022<\/a><\/p><\/blockquote>\n

Moreover, Lily Zhang, Huobi Global\u2019s chief financial officer, confirmed that Houbi\u2019s asset management department will provide \u201cliquidity investments\u201d to help decentralized finance and Web3 projects take off.<\/p>\n<\/div>\n


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Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects \u2014 highlighting investors\u2019 continued interest in crypto despite an ongoing bear market. The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group […]<\/p>\n","protected":false},"author":1,"featured_media":21561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[9440,2769,9441,533,270,444,1894,1861],"class_list":["post-21560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-146m","tag-doubles","tag-followon","tag-fund","tag-global","tag-true","tag-ventures","tag-web3"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2ZiYjBkZjItNWFjNy00YTUzLWIwNjMtMGMzZTgxNTc5MzZkLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21560"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21560\/revisions"}],"predecessor-version":[{"id":21562,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21560\/revisions\/21562"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/21561"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21560"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}