True Global Ventures 4 Plus Rebrands Its Follow On Fund to Opportunity Fund : TechMoran

True Global Ventures (TGV) has  rebranded  its TGV 4 Plus Follow On Fund to TGV 4 Plus Opportunity Fund  with a bid to leverage the best growth-stage Generative AI and Web3 investment opportunities during the current market conditions.

The latest fund  which was previously known as the “TGV 4 Plus Follow On Fund”, had its first close of US$146 million in June 2022. The General Partners committed over 40% of the current total fund size.

We are glad to rebrand the fund as we see new and good opportunities. Contrary to the popular wait-and-see approach, with a curated pipeline of investments, we select industry leaders with attractive valuations and the potential to generate good returns. Through our global network of partners, we then help them turn real winners in a rapidly growing market,” says Konrad Wawruch, Managing Partner of the TGV 4 Plus Opportunity Fund.

Generative AI goes deeper than just text based chats, with more fundamental use cases for productivity gains, additional revenue streams, and even creating unfair competitive advantages for many organisations if they know how to harness them correctly.

Industry transforming technologies like Generative AI are now being used in many more traditional industries like property management, legal firms, consulting advisory, customer service, construction, etc.

Based on TGV’s research, unfortunately many organisations and investors have not prioritised leveraging these disruptive solutions, and so we believe there is still an opportunity for large value creation in these generative AI companies.

In addition to investing in Web3 leaders with a roadmap to employ Generative AI, the TGV 4 Plus Opportunity Fund will now also invest in growth-stage companies that specialise in Generative AI.

TGV has been investing in early-stage AI companies since 2011, making it an integral part of our investment thesis. While we only started investing in Web3 in 2016, many of the AI companies that we have previously invested in or tracked are now becoming mature and entering their growth-stage phase.

According to the company,sveral of its portfolio companies have already implemented Generative AI solutions into their businesses, particularly in the gaming and open Web3 Metaverses sectors. These solutions can quickly generate new landscapes, virtual items, avatars, non-playable characters, music, and more.

The company also stated that True Global Ventures has also implemented heir own Generative AI strategy to use tools to help the fund and its portfolio companies be more efficient in sales, compliance, legal, marketing, communications, etc.

The content and topics for their global online conferences also leverage Generative AI, which usually has 400-500 participants join and weigh in with their diverse views. Now, Generative AI challenges these speakers to create even better content to share.

The TGV 4 Plus Opportunity Fund has invested in two global market leaders so far:Ledger, the global leader in the digital asset self custody space, which secures more than 20 percent of the world’s digital assets and 30 percent of the world’s NFTs with zero hacks ever and Animoca Brands, global leader in Web3, which champions true digital asset ownership in the entertainment and open metaverse segments, having gained various accolades including being on the Financial Times (FT) ranking of High-Growth Companies Asia-Pacific 2023 and Fortune’s Crypto 40 list.

“Managing Partner of the TGV 4 Plus Opportunity Fund, Fredrik Adolfsson adds, “We believe that the growth equity market offers significant opportunities for investors, such as family offices, to gain exposure to transformative technologies. Technologies such as Generative AI and Blockchain could make their existing portfolio companies much more efficient and effective, giving them an edge and a competitive advantage.”