True Global Ventures hits first close of $146m follow-on Web 3.0 fund

Singapore Dollars | Photo: Reuters

Singapore-based venture capital firm True Global Ventures has secured the first close of its $146 million follow-on fund focused on later-stage Web 3.0 startups.

According to a statement by the firm, the True Global Ventures 4 Plus (TGV4 Plus) Follow On Fund received a general partner (GP) commitment of over $62 million — or over 40% of the total fund corpus — from its 15 GPs and its investment committee.

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