True Global Ventures 4 Plus (TGV4 Plus) Fund has held the first close of its new $146m Follow on Fund.
The TGV4 Plus Follow on Fund has a group of 15 General Partners (GP), who lead the fund and its Investment Committee, having put more than $62 million of their own money into the fund. This is a total GP commitment of over 40% of the total fund size and equates to over $4 million per GP on average.
The first capital call of the fund has been fully paid in.
The new Follow On Fund will focus on investing a majority of its capital into selected TGV 4 Plus base fund companies. It might also invest in other late stage Web3 deals opportunistically.
The TGV 4 Plus base fund has so far invested in serial entrepreneurs leading ambitious Blockchain start-ups, including some of the leading Web3 companies such as Animoca Brands, The Sandbox, Forge, Chromaway, Coinhouse, GCEX, Chronicled and others.