TRUE GLOBAL VENTURES 4 PLUS
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      • TGV invests in BUSUP
      • TGV Invests in BookitNGo
      • TGV Invests in Silicon Valley-based COVU
      • TGV Invests in Prezent.AI
      • Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures
      • Obligo Raises $35M to Expand Its Security Deposit Solutions Across Millions of U.S. Homes
      • Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures
      • TGV invests in Printler
      • True Global Ventures Opportunity Fund Invests in Jus Mundi
      • Bookit N Go, a Travel Technology Company, Announces the Successful Closure
      • Animoca Brands update on financial position
      • Animoca Brands Joins Chromia as a Network Provider
      • Appointment of Beatrice Lion as CEO
      • Insights on megatrends
      • AYA Platform of Enjinstarter Granted Virtual Asset Service Provider Licence by Dubai’s Virtual Assets Regulatory Authority
      • TGV 4 Plus Rebrands to Opportunity Fund
      • TGV Invests Over 24 M USD in Ledger
      • TGV's 5 Web3 megatrends for 2023
      • TGV4+ portfolio Pinktada oversubscribed on 1.3M USD
      • TGV4+ portfolio company Pinktada raises another round
      • Quantumrock partners with Bambu - enhancing B2B roboadvisory solutions with AI
      • TGV4+ invests total US$38m in Animoca Brands
      • TGV4+ FOF first investment following on in Animoca Brands
      • TGV4+ closes new US$146m Follow on Fund
      • TGV4+ continues to invests in Coinhouse
      • TGV Invest in First Asian Female Entrepreneur 26 May 2022
      • TGV's Forge goes public on NYSE!
      • TGV4+ invests in Iomob
      • TGV4+ Supports Unchain Ukraine
      • TGV4+ Backs First Female Founder
      • TGV4+ invests in EnjinStarter
      • TGV4+ invests in Coinhouse
      • TGV4+ invests in Chromaway
      • TGV4+ invests in GCEX
      • TGV4+ continues rapid global expansion
      • TGV4+ invests in Pinktada
      • TGV4+ invests in PictureThis
      • TGV4+ invests in Forza Ikonia
      • TGV4+ follows on investment in The Sandbox Series B with US$10m
      • TGV4+ exercises CAD$2.3M warrants in CCU
      • Animoca raises $65M at $2.2B valuation
      • TGV4+ Five New Founding Partners
      • TGV4+ 100 million closing
      • Canada Computational Unlimited, 22 June 2021
      • Animoca Brands May 13, 2021
      • Forge Global May 07, 2021
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True Global Ventures Continues to Support the Open NFT Metaverse Leader The Sandbox in Series B with US$10m Investment
True Global Ventures 4 Plus Venture Fund, which first invested in the equity round in 2019, follows on with a Series B investment together with other prominent investors, led by SoftBank Vision Fund 2 to further push the NFT “Play-To-Earn” segment.
November 2, 2021 -- Singapore

True Global Ventures 4 Plus (TGV 4 Plus) Fund has invested US$10m into The Sandbox, a subsidiary of Animoca Brands and the leading open NFT metaverse platform. The Sandbox announced today that it had secured a total of US$93M in its Series B fundraising round led by SoftBank Vision Fund 2, representing the fund’s first investment in crypto assets. The investment will enable The Sandbox team to scale its growth as a prime entertainment destination where brands, IPs, and celebrities can engage with their fans through virtual experiences, including games, live performances, and social experiences.
 
Other investors besides TGV 4 Plus in the round included Animoca Brands, Liberty City Ventures, Galaxy Interactive, Kingsway Capital, LG Technology Ventures, Polygon Studios, Samsung Next, and many more top investors. Wedbush Securities acted as exclusive placement agent and financial advisor for The Sandbox, and Rubicon Law provided legal counsel to The Sandbox.
 
True Global Ventures’ Vision of the metaverse and future of open entertainment platforms is:
  1. Multi-metaverse environments powered by Blockchain and Non Fungible Tokens (NFTs) allow actual digital ownership of digital assets that support interoperability, open standards, and transparency.
  2. These metaverses will have new types of distributed governance, where both large corporations and smaller communities will exist side by side more equitably. Many of these communities will be owned by the communities and creators themselves.
  3. The innovations in this space will drive Web 3.0 adoption and bring these technologies to the masses for positive change.
  4. We believe that positive virtual worlds, e.g., open, transparent, sustainable, will positively impact the real world.
 
TGV 4 Plus Fund first invested in The Sandbox in early 2019 mainly because of the Team, led by Co-Founders and Serial Entrepreneurs Arthur MADRID, CEO and Sebastien BORGET, COO, and their Vision with The Sandbox. Understanding more about what the Founders wanted to achieve, we realized that this Metaverse revolution could be more significant than the Internet and Mobile revolution.
 
They had success in Pixowl Inc., which created the original award-winning The Sandbox, a 2D metaverse game with 40+ million players in total. As a fund, TGV 4 Plus backs Serial Entrepreneurs, and we recognized their experience of building and maintaining thriving communities and games.
 
Their strategy is to bring in the top brands and creators with whom people would love to associate themselves. The pivotal point came in March 2020, when we witnessed US$450,000 worth of virtual LAND NFTs being sold within 4 hours. From then on, many of the LAND NFT sales sold for millions of dollars and were sold out within minutes or sometimes within seconds.
 
The Sandbox experienced tremendous growth in 2021, generating over US$144M in GMV to date, and over 500,000 users now have a connected wallet. Over 165 brands — including Snoop Dogg, The Walking Dead, The Smurfs, Care Bears, Atari, and CryptoKitties — have already formed IP partnerships to create voxelized versions of their worlds and characters in the metaverse. High-profile LAND owners in The Sandbox include Zed Run, Republic Realm, Binance, Bored Ape Yacht Club, CyberKongz, CoinMarketCap, Metakovan, Pranksy, GrowYourBase, MetaKey, South China Morning Post, Zepeto, Socios, the Winklevoss twins, Bill Lee of Craft Ventures and more.
 
TGV bought our LAND in March 2020, as we want to build a place for virtual deal sourcing and attract top talents. We believe that there will be many more new innovative use cases in The Sandbox and other Metaverses than we know of today.
 
With the recognition of the growth of Metaverses and new use cases,
TGV 4 Plus invests in serial entrepreneurs leading globally ambitious Blockchain start-ups. It invests across 20 cities in North America, Europe and Asia. The fund is dedicated to Web 3 companies, primarily in late-stage Series B and C across 3 verticals: Entertainment & gaming , financial services, infrastructure & data analytics/Artificial Intelligence (AI). Founded by an international group of “super angels”, TGV 4 Plus limited partners  are entrepreneurs, business angels, family offices, and institutional investors.
 
Start-ups can reach out via LinkedIn or through the Fund’s Contact page:
https://www.tgv4plus.com/contact.html
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About True Global Ventures
True Global Ventures (TGV) is a global Venture Capital firm built by a group of serial entrepreneurs with a solid track record of investing their own money together with Limited Partners into a few early and mainly late-stage ventures run by serial entrepreneurs. Portfolio companies leverage technology, data, AI and blockchain as a competitive advantage to drive change with proven products. TGV is present in 20 cities: Singapore, Hong Kong, Taipei, Dubai, Abu Dhabi, Moscow, Stockholm, Paris, Warsaw, New York, San Francisco, and Vancouver, among others. Visit us at www.tgv4plus.com, and follow us on LinkedIn and Twitter.
 
Media contact: [email protected]
 
About The Sandbox
The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds that has been fueling the recent growth of virtual real-estate demand, having partnered with major IPs and brands including Snoop Dogg, The Walking Dead, deadmau5, Atari, Rollercoaster Tycoon, Care Bears, The Smurfs, Shaun the Sheep, and Binance. Building on existing The Sandbox IP that has more than 40 million global installs on mobile, The Sandbox is a metaverse that offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize their creations. For more information, please visit www.sandbox.game and follow the regular updates on Twitter, Medium and Discord.

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  • About
  • Portfolio
  • Team
  • TGV Global Competitions
    • AI Investor Judges
    • TGV Global Competition 2024
    • TGV Global Blockchain Sustainability Competition 2024
    • TGV Global Competition 2018
  • Our Events
    • Past Events
    • Upcoming Events >
      • 71st Global Event - IPO Window Opening Up!
  • Media & Press
    • Media Coverage
    • TGV Press Releases >
      • TGV invests in BUSUP
      • TGV Invests in BookitNGo
      • TGV Invests in Silicon Valley-based COVU
      • TGV Invests in Prezent.AI
      • Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures
      • Obligo Raises $35M to Expand Its Security Deposit Solutions Across Millions of U.S. Homes
      • Tookitaki, AI Compliance Solution Drives Expansion Across Key Asian Markets with Funding from True Global Ventures
      • TGV invests in Printler
      • True Global Ventures Opportunity Fund Invests in Jus Mundi
      • Bookit N Go, a Travel Technology Company, Announces the Successful Closure
      • Animoca Brands update on financial position
      • Animoca Brands Joins Chromia as a Network Provider
      • Appointment of Beatrice Lion as CEO
      • Insights on megatrends
      • AYA Platform of Enjinstarter Granted Virtual Asset Service Provider Licence by Dubai’s Virtual Assets Regulatory Authority
      • TGV 4 Plus Rebrands to Opportunity Fund
      • TGV Invests Over 24 M USD in Ledger
      • TGV's 5 Web3 megatrends for 2023
      • TGV4+ portfolio Pinktada oversubscribed on 1.3M USD
      • TGV4+ portfolio company Pinktada raises another round
      • Quantumrock partners with Bambu - enhancing B2B roboadvisory solutions with AI
      • TGV4+ invests total US$38m in Animoca Brands
      • TGV4+ FOF first investment following on in Animoca Brands
      • TGV4+ closes new US$146m Follow on Fund
      • TGV4+ continues to invests in Coinhouse
      • TGV Invest in First Asian Female Entrepreneur 26 May 2022
      • TGV's Forge goes public on NYSE!
      • TGV4+ invests in Iomob
      • TGV4+ Supports Unchain Ukraine
      • TGV4+ Backs First Female Founder
      • TGV4+ invests in EnjinStarter
      • TGV4+ invests in Coinhouse
      • TGV4+ invests in Chromaway
      • TGV4+ invests in GCEX
      • TGV4+ continues rapid global expansion
      • TGV4+ invests in Pinktada
      • TGV4+ invests in PictureThis
      • TGV4+ invests in Forza Ikonia
      • TGV4+ follows on investment in The Sandbox Series B with US$10m
      • TGV4+ exercises CAD$2.3M warrants in CCU
      • Animoca raises $65M at $2.2B valuation
      • TGV4+ Five New Founding Partners
      • TGV4+ 100 million closing
      • Canada Computational Unlimited, 22 June 2021
      • Animoca Brands May 13, 2021
      • Forge Global May 07, 2021
  • Contact