Photo Credit: Beatrice Lion
True Global Ventures (TGV), a Singapore-based VC firm, has promoted Beatrice Lion to CEO.
Lion has been with the company since 2017. During her tenure, Lion contributed to the VC firm’s efforts in raising US$113 million for TGV’s 4 Plus Base Fund in 2021 and US$146 million for the Opportunity Fund in 2022.
Lion’s role at TGV covers diverse areas of fund management, including formulating exit strategies, fundraising, sourcing deals, and enhancing value.
Alongside Lion’s promotion, Frank Desvignes and Kelly Choo were appointed as the firm’s executive directors.
Dušan Stojanović has also passed on his executive roles in Innovator Founders Capital, to Julian Marland, allowing Stojanović to concentrate on the TGV 4 Plus fund and the Opportunity Fund.
Founded in 2010, TGV prefers to invest in companies at the seed, early, growth, and later stages. In 2018, the company secured a venture capital fund manager license in Singapore to bolster its operations.
Last year, after investing mainly in blockchain equity since 2016, TGV shifted its focus back to AI as interest in space skyrocketed due to advancements from companies like OpenAI.
Some of its past investments in AI include Aptiv.io, Bluerider Software, Quantumrock, and Singularity Studio.
See also: True Global Ventures pivots fund to focus on generative AI
Editing by Miguel Cordon and Dhania Putri Sarahtika
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