Singapore VC fund takes stakes in Web3 companies

Singapore-based True Global Ventures 4 Plus Fund (TGV4 Plus) recently invested in five companies as it allocates $25 million into the equity of Web3 and blockchain-focused players.

TGV4 Plus is focused on three main verticals within Web3, which are infrastructure, financial services (powered via blockchain) and entertainment including play-to-earn games, metaverses and NFTs.

The fund closed on Sept. 1 surpassing its $100 million target while playing up a blockchain equity theme that invests in late-stage companies.  TGV 4 Plus is founded by 40 partners who contributed 27% of the . . .

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