True Global Ventures 4 Plus Follow On Fund’s First Investment is in web3 Leader Animoca Brands
True Global Ventures 4 Plus (TGV 4 Plus) Fund and TGV 4 Plus Follow On Fund (TGV 4 Plus FoF) today announce a US$17.2m convertible note investment into Animoca Brands out of a total raise of US$110m.
- True Global Ventures 4 Plus (TGV 4 Plus) Fund and TGV 4 Plus Follow On Fund (TGV 4 Plus FoF) today announce a US$17.2m convertible note investment into Animoca Brands out of a total raise of US$110m.
- View the full release here: https://www.businesswire.com/news/home/20220908005742/en/
True Global Ventures 4 Plus Follow On Funds first investment is in web3 leader Animoca Brands (Graphic: Business Wire)
TGV has been an early backer of Animoca Brands since early 2019 and has seen it achieve unicorn status in May 2021. - TGV 4 Plus Follow On Fund will consider making additional investments in other late stage web3 deals as the opportunities arise.
- Im happy to see the underlying business traction in the overall web3 ecosystem, led by many of Animoca Brands initiatives.