True Global Ventures 4 Plus (TGV4 Plus) Fund, which has a presence in the UAE, has invested US$5 million into ChromaWay, leading the US$10 million latest fundraising round. ChromaWay is a leading Web3 pioneer, developing industry-defining blockchain technology platforms since 2014.
ChromaWay are the creators of relational blockchain, a class of blockchain platforms that combine the power and flexibility of mature relational database systems with the secure collaboration and disruptive potential of blockchain – making it easy to develop user-friendly decentralised apps for almost any industry, including DeFi, gaming, music, land administration and much more.
Relational blockchain powers Chromia ($CHR), a public platform for decentralized applications. Relational blockchain allows Chromia to offer a user and developer experience unmatched by other blockchain platforms. Most recently, Chromia powers the highly successful Metaverse GameFi projects My Neighbor Alice ($ALICE) and Mines of Dalarnia ($DAR).
ChromaWay created the very first protocol for issuing tokens already in 2012. They used it to issue fiat currency together with LHV bank in 2014, and then to crowdfund startups on the Funderbeam platform. They designed a blockchain agnostic client-side validated smart contracting platform that put privacy first before privacy became a hot topic in blockchain.
They have used it to support internal leasing in large organizations, issue financial instruments, and to allow government agencies to issue licenses digitally. In 2018 they used it to demo a live property sale together with the Swedish Land Registry. These trailblazing projects and more have given ChromaWay a strong legacy in the Web3 industry as a pioneer pushing the boundaries for what blockchain technology can do and how it can improve society.
With the recognition of innovative blockchain use cases, TGV4 Plus continues to invest in talented serial entrepreneurs leading globally ambitious blockchain start-ups. The fund is dedicated to blockchain companies, primarily in late-stage Series B and C across four verticals: Entertainment, infrastructure, financial services, data analytics, and artificial intelligence (AI). Founded by an international group of “super angels”, TGV’s partners are entrepreneurs, business angels, family offices, and institutional investors, many with co-investment rights in future equity rounds.