TechFlow news — Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced it has raised $146 million for its new fund, TGV4 Plus Follow On Fund, which will primarily focus on Web3 projects.
The TGV4 Plus Follow On Fund is led by 15 general partners, who collectively committed over $4 million each on average (accounting for more than 40%, or $62 million). Most of the capital will be primarily allocated to Web3 companies within TGV’s portfolio, while the remainder will target late-stage Web3 opportunities.
TGV has previously invested in multiple Web3 projects and deployed a core fund into later-stage Series A, B, and C rounds across three verticals: entertainment and gaming, financial services, and artificial intelligence. Key investments by TGV include The Sandbox, Animoca Brands, and Forge.
