TVM Ventures, a venture capital fund founded by a director of the TON Foundation, has launched with an initial size of $100 million.

TechFlow news, February 3 — According to The Block, Steve Yun, former president and current board member of the TON Foundation, announced on November 2024 the establishment of a venture capital fund named TVM Ventures with an initial size of $100 million.

The fund is backed by Yun himself and a TON miner, focusing primarily on DeFi and fintech payment projects within the TON ecosystem. It has already invested in four projects, including Factorial and Torch Finance. Yun anticipates significant growth in the TON ecosystem following the launch of the tgBTC bridge and DeFi incentive program in Q2 2025.