Samreen Ahmad · · 1 min readAnimoca investor to pump $25m into 5 blockchain startups
Singapore-based True Global Ventures 4 Plus Fund (TGV4 Plus) will be investing US$25 million in five Web3 blockchain startups by the end of January 2022.
True Global Ventures founding partner and board member Kelly Choo / Photo credit: Kelly Choo
The US$25 million is part of the over US$100 million True Global Ventures raised in September for the TGV4 Plus fund.
It will be investing anywhere between US$3 million and US$10 million in each of these five startups, a True Global Ventures spokesperson told Tech in Asia.
These deals will increase the number of TGV4 Plus portfolio companies to 13 in total.
The Animoca Brands backer invested in three firms in the past two months, namely Forza Ikonia, Pinktada, and Picture This. Other companies in the TGV4 Plus portfolio include Quantumrock, Canada Computational Unlimited, The Sandbox, and Forge Global.
See also: He makes up to $3,900 a week racing cars on a blockchain game
TGV4 Plus focuses on three main verticals in Web3, namely infrastructure, entertainment, and financial services.
The fund has also onboarded three new partners that cover each of these verticals: Pearce Clune for infrastructure, Per Kronholm for entertainment, and Olivier Crespin for financial services.
Editing by Collin Furtado and Lorenzo Kyle Subido
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