{"id":463511,"date":"2022-06-16T03:00:00","date_gmt":"2022-06-16T00:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund\/"},"modified":"2022-06-16T03:00:00","modified_gmt":"2022-06-16T00:00:00","slug":"true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund\/","title":{"rendered":"# True Global Ventures doubles down on Web3 with $146M \u2018follow-on\u2019 fund"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33859c333ea\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33859c333ea\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund\/#%E2%80%9D_True_Global_Ventures_doubles_down_on_Web3_with_146M_%E2%80%98follow-on_fund_%E2%80%9C\" >&#8221; True Global Ventures doubles down on Web3 with $146M \u2018follow-on\u2019 fund &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_True_Global_Ventures_doubles_down_on_Web3_with_146M_%E2%80%98follow-on_fund_%E2%80%9C\"><\/span>&#8221; True Global Ventures doubles down on Web3 with $146M \u2018follow-on\u2019 fund &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2ZiYjBkZjItNWFjNy00YTUzLWIwNjMtMGMzZTgxNTc5MzZkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects \u2014 highlighting investors\u2019 continued interest in crypto despite an ongoing bear market.<\/p>\n<p>The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group of 15 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> partners who committed over $4 million on average (over 40%, or $62 million) into the fund. The majority of the funding will be primarily injected into Web3 companies within TGV\u2019s portfolio, while the remaining will be used to invest in late-stage Web3 opportunities. <\/p>\n<p>TGV previously invested in numerous Web3 initiatives using a base fund dedicated to the late-stage <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A, B and C across three business verticals: entertainment and gaming, financial services, and artificial intelligence. Prominent TGV investments include The Sandbox, Animoca Brands and Forge, among others.<\/p>\n<p>Du\u0161an Stojanovi\u0107, one of TGV\u2019s 15 general partners, shared his thoughts on investing during the bear market:<\/p>\n<blockquote><p>\u201cIt is much easier to see more clearly who the winners are now. This has created a high level of confidence amongst our investors.\u201d<\/p><\/blockquote>\n<p>Stojanovi\u0107 also shared that\u00a0market correction helps to select the strongest players as he advised fellow VCs to continue investing in crypto businesses:<\/p>\n<blockquote><p>&#8220;Regardless of the market situation, there are always good teams having great products at the proper time. Crisis is the best time to invest, not the bull market.&#8221;<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Huobi Global launches $1B investment arm focused on DeFi and Web3<\/em><\/strong><\/p>\n<p>Last week, on Friday, major crypto exchange Huobi Global launched Ivy Blocks, a new investment arm with a capital of over $1 billion in crypto assets. <\/p>\n<p>In addition to the cash injection, Huobi offers other services including an asset management platform, a new blockchain incubator and a dedicated research arm. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Huobi?src=hash&amp;ref_src=twsrc%5Etfw\">#Huobi<\/a> launches 1 BILLION investment arm to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BUIDL?src=hash&amp;ref_src=twsrc%5Etfw\">#BUIDL<\/a> defi and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/web3?src=hash&amp;ref_src=twsrc%5Etfw\">#web3<\/a>! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/I1XJ1S4y1O\">https:\/\/t.co\/I1XJ1S4y1O<\/a><\/p>\n<p>\u2014 Du Jun (@DujunX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DujunX\/status\/1535466495857537024?ref_src=twsrc%5Etfw\">June 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Moreover, Lily Zhang, Huobi Global\u2019s chief financial officer, confirmed that Houbi\u2019s asset management department will provide \u201cliquidity investments\u201d to help decentralized finance and Web3 projects take off.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/true-global-ventures-doubles-down-on-web3-with-146m-follow-on-fund\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; True Global Ventures doubles down on Web3 with $146M \u2018follow-on\u2019 fund &#8220; Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects \u2014 highlighting investors\u2019 continued interest in crypto despite an ongoing bear market. The latest&#8230;<\/p>\n","protected":false},"author":1,"featured_media":463512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2ZiYjBkZjItNWFjNy00YTUzLWIwNjMtMGMzZTgxNTc5MzZkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,107431,74868,75719,93542,74355,117,73711,71745],"class_list":["post-463511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-investment","tag-defi","tag-funding","tag-web3","tag-adoption","tag-business","tag-investments","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=463511"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/463511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/463512"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=463511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=463511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=463511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}