venture fund True Global Ventures 4 Plus, which first invested in the equity round in 2019, continues with a Series B investment alongside other major investors, led by SoftBank Vision Fund 2 to further drive the NFT segment « Play-To-Earn ».
True Global Ventures 4 Plus (TGV 4 Plus) Fund, a Singapore-based global technology equity fund, invested $ 10 million in Sandbox, a subsidiary of Animoca Brands and the leading open metaverse platform NFT.
TGV 4 Plus contributed $ 10 million of the $ 93 million raised by Sandbox during the Series B fundraising round led by SoftBank Vision Fund 2, which is the fund’s first investment in cryptocurrency assets.
investment will allow Sandbox team to further its growth as a premier entertainment destination where brands, IPs and celebrities can engage with their fans through virtual experiences, including games, live entertainment, 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 other major investors. Wedbush Securities acted as exclusive placement agent and financial advisor to Sandbox and Rubicon Law provided legal advice to Sandbox.
True Global Ventures vision of the metaverse and the future of open entertainment platforms is:
Multi-metaverse environments powered by Blockchains and non-fungible tokens (NFTs) enable effective digital ownership of digital assets that support interoperability, open standards, and transparency.
se metaverses will have new types of distributed governance, where both large corporations and smaller communities will coexist more equitably. Many of these communities will be owned by the communities themselves and by the creators themselves.
Innovations in this space will drive the adoption of Web 3.0 and bring these technologies to the masses for positive change.
We believe that positive virtual worlds, eg open, transparent, sustainable, will have a positive impact on the real world.
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TGV 4 Plus fund first invested in Sandbox in early 2019 primarily thanks to the team, led by co-founders and serial entrepreneurs Arthur Madrid, CEO and Sebastien Borget, COO, and their vision with Sandbox.
By 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.
y were successful at Pixowl Inc., which created the award-winning Sandbox, a 2D metaverse game with over 40 million total players. As a background, TGV 4 Plus supports serial entrepreneurs and we have recognized their expertise in creating and sustaining thriving gaming and communities.
ir strategy is to engage the best brands and creators that people would like to associate with. crux came in March 2020, when we witnessed the sale of virtual NFT LANDs worth $ 450,000 in 4 hours. Since then, many of LAND NFT’s sales have sold for millions of dollars and sold out in minutes or sometimes seconds.
Sandbox experienced tremendous growth in 2021, generating more than $ 144 million in GMV to date, and more than 500,000 users now have a connected wallet. More than 165 brands, including Snoop Dogg, Walking Dead, 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 on Sandbox include Zed Run, Republic Realm, Binance, Bored Ape Yacht Club, CyberKongz, CoinMarketCap, Metakovan, Pranksy, GrowYourBase, MetaKey, South China Morning Post, Zepeto, Partners, Winklevoss twins, Bill Lee of Craft Companies and more.
TGV bought our LAND in March 2020 as we want to build a place to get virtual deals and attract top talent. We believe there will be many more innovative use cases in Sandbox and other Metaverse than we know about today.
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Recognizing the growth of Metaverses and new use cases, TGV4 Plus continues to invest in talented serial entrepreneurs through multiple rounds of equity financing with ambitious blockchain startups globally. fund is dedicated to blockchain companies, mainly in the latest B and C series in four verticals: entertainment, infrastructure, financial services, data analytics and artificial intelligence (AI).
typical size of each investment ranges from $ 3 million to $ 10 million, along with entrepreneurs, informal investors, family offices and institutional investors, many of them with co-investment rights in future rounds of actions.
Start-ups can communicate through LinkedIn or the fund’s contact. page.
About True Global Ventures
True Global Ventures (TGV) is a global venture capital company created by a group of serial entrepreneurs with a strong track record of investing their money together with limited partners in some early stage and mostly late stage ventures run by entrepreneurs in Serie.
Portfolio companies leverage technology, data, artificial intelligence, 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 the website and follow us on LinkedIn & Twitter.
Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds that have driven the recent growth in demand for virtual real estate, having partnered with major IPs and brands such as Snoop Dogg, Walking Dead, deadmau5, Atari, Rollercoaster Tycoon. , Care Bears, Smurfs, Shaun the Sheep and Binance.
Building on the existing IP of Sandbox, which has more than 40 million global installs on mobile devices, Sandbox is a metaverse that offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and gaming experiences. and to store, exchange and monetize your creations. For more information, visit the website and follow the regular updates on Twitter, Medium, and Discord.
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