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True Global Ventures
True Global Ventures (TGV) was founded in 2011 by Dušan Stojanović, a Swedish-Serbian angel investor who built the firm around a network of over 30 serial...
True Global Ventures
True Global Ventures (TGV) was founded in 2011 by Dušan Stojanović, a Swedish-Serbian angel investor who built the firm around a network of over 30 serial entrepreneurs and former corporate executives — known internally as 'TGV Partners' — who co-invest alongside the fund. The firm operates from Singapore but maintains General Partners across Hong Kong, San Francisco, Dubai, and Paris. TGV's wealth base is distinctive: rather than a single family pool, it aggregates commitments from technology founders who invest their own money, giving the firm both a capital base and a distributed sourcing engine. TGV pursues a bifurcated strategy. Its core venture arm targets equity positions in Seed through Series B companies operating at the intersection of blockchain, artificial intelligence, and financial infrastructure. A separate liquid strategy invests directly in digital assets and tokens, particularly where TGV's private-market research provides an information edge on protocol-level opportunities. The firm has backed companies including Animoca Brands (per the firm, 2021), The Sandbox, and Ledger, with a geographic footprint that spans Asia, Europe, and the Middle East — regions where its partner network can facilitate soft landing and distribution. The firm is structured as a lean operation, with General Partners who are themselves active angel investors and company builders rather than career fund managers. Adjacent to its fund vehicles, TGV operates a proprietary events series — TGV Network Summits — that convene LPs and portfolio founders, doubling as a sourcing and diligence mechanism. In 2023, TGV closed its fifth equity fund, True Global Ventures 4 Plus, with $146 million in commitments to deploy across equity and token opportunities in the Web3 sector (per the firm, 2023). TGV's distinct architecture comes from treating its LP base as an active investing syndicate rather than passive capital. Each Partner commits personal capital and commits to sourcing and evaluating deals, effectively giving the firm dozens of on-the-ground scouts embedded in the technology ecosystems it targets. The dual equity-plus-token mandate is rare among regulated private-equity firms, positioning TGV to capture returns across the full lifecycle of Web3 companies — from cap-table equity to protocol-level liquidity events.
General information
Firm type
Venture Capital
Year founded
2011
AUM
$50M - $200M (Altss estimate)
Location
Region
Asia
Country
Singapore
City
Singapore
Corporate office
Singapore
Additional offices
Hong Kong · San Francisco · Dubai · Paris
Principals
Dušan Stojanović
Founder and General Partner
Konrad Wawruch
General Partner
Frank Desvignes
General Partner
Beatrice Lion
General Partner
Kelly Choo
General Partner
Sector focus
Frequently asked questions
How is True Global Ventures structured — is it a single family office or a venture fund?
True Global Ventures is a venture-capital firm structured as a series of fund vehicles, not a family office. Its limited partners are primarily serial entrepreneurs who commit their own capital, and many of them also participate in sourcing and evaluating deals. The firm operates as a regulated fund manager in Singapore and raises capital externally for each fund.
Does TGV invest only in equity, or does it also hold tokens and digital assets?
TGV runs two distinct strategies: a traditional venture-equity strategy investing in company cap tables from Seed through Series B, and a dedicated liquid-token strategy that takes positions in publicly tradable digital assets. This dual approach allows the firm to participate in both private-company building and the liquidity events that follow protocol launches.
Who makes investment decisions at True Global Ventures?
Investment decisions are made by the General Partners, led by Founder Dušan Stojanović. The firm's General Partners, including Konrad Wawruch, Frank Desvignes, Beatrice Lion, and Kelly Choo, operate across multiple geographies and draw on their own entrepreneurial experience. The broader network of TGV Partners — serial entrepreneurs who are also LPs — contributes deal flow and diligence but final investment committee authority rests with the GPs.
How does TGV source its deals — does it rely on a proprietary network?
TGV's deal sourcing relies heavily on its network of over 30 entrepreneur Partners — company builders who are also LPs in the fund. These Partners are embedded in technology ecosystems across Asia, Europe, Silicon Valley, and the Middle East, and they regularly surface opportunities from their own professional networks. The firm also runs invitation-only TGV Network Summits that function as concentrated diligence and sourcing events.
What investment stages and check sizes does TGV typically target?
TGV primarily targets Seed through Series B rounds, writing equity checks in the range of $1 million to $5 million. On the token side, the firm deploys capital into liquid digital assets, often aligning these positions with its private-market research to find information advantages in protocol-level investments.
Which sectors does TGV explicitly avoid?
TGV does not publicly disclose a formal exclusion list, but its investment focus is tightly concentrated on blockchain and Web3 infrastructure, artificial intelligence, fintech, and enterprise-software companies. The firm does not pursue biotech, hard-science deep tech outside these domains, traditional industrials, or consumer-packaged goods.
Does True Global Ventures operate offices outside Singapore?
Yes, TGV maintains a distributed partnership presence with General Partners based in Hong Kong, San Francisco, Dubai, and Paris. This multi-hub structure supports the firm's deal-sourcing network and helps portfolio companies navigate regulatory and commercial entry into key markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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