Funding in a Bear Market
Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has quite impressively wrapped up a $146 million funding round aimed at bolstering various Web3 projects. Yes, you heard it right! Despite the crypto winter hitting us like a polar vortex, investors seem to have their goggles on, searching for the shimmering glimmers of potential within this frosty landscape.
Inside the Funding Round
This latest financial endeavor, known as the TGV4 Plus Follow On Fund, has seen participation from a dedicated team of 15 general partners. These folks didn’t just dip their toes in the water; on average, they threw over $4 million each into the fund—talk about putting your money where your mouth is!
The Strategic Focus
While a chunky portion of the funding will be utilized to resuscitate Web3 companies already nestled in TGV’s portfolio (which sounds like a euphemism for a lifeline), a significant chunk will also be venturing into late-stage opportunities across the realms of entertainment, financial services, and AI innovation. Some notable previous investments include The Sandbox and Animoca Brands. TGV seems to have lucked out in finding the golden geese amidst the crypto flock.
Words of Wisdom from TGV’s Partners
Dušan Stojanović, one of the trusted generals at TGV, expressed his bullish perspective on investing during the tapering market conditions. He confidently stated, “It is much easier to see more clearly who the winners are now.” This sounds like wise counsel if you ask me! Stojanović further emphasized that market corrections often filter out the weak, enabling investors to snatch up the strong contenders. His mantra? Invest in crises, not during the euphoric bull runs. It’s akin to shopping during the Annual Clearance Sale—where the real treasures lie, folks!
The Rise of Huobi Global
Just when you thought that was all the drama the crypto universe could muster, enter stage left: Huobi Global. Last week, they snapped up headlines by launching Ivy Blocks, a whopping $1 billion investment arm focusing on enhancing DeFi and Web3 projects. This isn’t just a soft-spoken entry; Huobi is offering a cavalcade of services to back up the cash—think blockchain incubators and buoyant research departments, oh my!
+ There are no comments
Add yours