True Global Ventures Invests a Total of US$38m in Web3 Leader Animoca Brands

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Singapore:
 

True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) at present announce a whole funding of US$38m together with a US$16m purchased from the secondary market. TGV has beforehand communicated an funding of US$17m, because of this we’ve invested a further US$21m.


 

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20220922005582/en/


 

True Global Ventures invests a total of US$38m in Web3 leader Animoca Brands (Graphic: Business Wire)

True Global Ventures invests a whole of US$38m in Web3 chief Animoca Brands (Graphic: Business Wire)


Animoca Brands not too long ago raised a US$110m convertible led by Temasek, Bayou Capital and GGV, the place TGV additionally participated.


 

TGV Partners throughout 20 cities across the globe help Animoca Brands’ mission to ship digital property rights to the world’s players and Internet customers, main the play-and-earn mannequin for the creators economy, and contributing to the Web3 Builders ecosystem of the open metaverse.


 

Globally, Animoca Brands has grown gross sales quickly by way of its main business models together with Yuga Labs / Ape Coin, The Sandbox, REVV ecosystem, Blowfish, Darewise (Life Beyond), and not too long ago Tiny Tap. Animoca Brands has 380 investments in whole.


 

TGV has been an early backer of Animoca Brands since early 2019. The firm grew to become a unicorn in May 2021.


 

TGV General Partner Kelly Choo feedback, “We are happy to invest at scale in Web3, in a leading company like Animoca.”


 

TGV General Partner Dušan Stojanović provides, “This is the largest investment TGV has ever done in one company as we see a large growth potential coming with massive adoption. With the Follow on fund newly set up, we invest in the best among our 15 portfolio companies in the TGV 4 Plus base Fund.”

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Yat Siu, the co-founder and government chairman of Animoca Brands, was in Paris final week for the TGV 62nd convention and commented: “TGV has been a friend and wonderful supporter of the company and its ecosystem such as The Sandbox since 2019 and we are honored that they continue to support Animoca Brands and its vision to deliver true digital property rights to the world!”


 

Besides Animoca Brands, the TGV 4 Plus base fund has additionally invested in different main corporations resembling The Sandbox (a subsidiary of Animoca Brands), Forge Global, Chromaway, Coinhouse, GCEX, Chronicled, Enjinstarter, Iomob, Dedoco and others.


 

TGV 4 Plus Follow on Fund focuses on investing a majority of its capital into chosen TGV 4 Plus base fund corporations. The TGV 4 Plus Follow On Fund will think about making extra investments in different late stage Web3 offers because the alternatives come up.


 

To get in contact with TGV, you may contact us by way of our Contact web page: https://www.tgv4plus.com/contact.html


 

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About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times checklist of High Growth Companies Asia-Pacific 2021, is a chief in digital leisure, blockchain, and gamification that’s working to advance digital property rights and contribute to the institution of the open metaverse. The firm develops and publishes a broad portfolio of merchandise together with the REVV token and SAND token; unique video games together with The Sandbox, Crazy Kings, and Crazy Defense Heroes; and merchandise using in style mental properties together with Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has a number of subsidiaries, together with The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, and TinyTap. Animoca Brands has a rising portfolio of greater than 340 investments, together with Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For extra data go to www.animocabrands.com or observe on Twitter or Facebook.

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About True Global Ventures

The TGV4 Plus Follow On Fund (TGV 4 Plus FoF) accomplished its first closing in June 2022 for US$146m. TGV 4 Plus FoF has 15 General Partners (GP) who lead the fund and its Investment Committee, investing greater than US$62m of their very own cash into the fund. This represents a whole GP dedication of over 40% of the whole fund measurement and over US$4m per GP on common. TGV 4 Plus FoF focuses on investing a majority of its capital into chosen TGV 4 Plus base fund corporations. Existing portfolio corporations embody Animoca Brands, The Sandbox, Forge Global, Chromaway, Coinhouse, GCEX, Chronicled, Enjinstarter, Iomob and Dedoco. Portfolio corporations leverage Web3 applied sciences, incorporating blockchain as a aggressive benefit to drive change with confirmed merchandise. TGV is a distributed fund with a presence in 20 cities, together with Singapore, Hong Kong, Taipei, Dubai, Abu Dhabi, Stockholm, Paris, Luxemburg, Madrid, Warsaw, New York, San Francisco, and Vancouver.


 

Visit us at www.tgv4plus.com, and observe us on LinkedIn and Twitter.


 


 







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