Name
TON Foundation veteran launches $100 million VC fund TVM Ventures
Description
Steve Yun, former president and current board member of the TON Foundation, has launched TVM Ventures, a $100 million venture fund focused on supporting TON-based startups, particularly in DeFi and payment finance (PayFi). The fund, backed by Yun and a Toncoin miner, aims to accelerate ecosystem growth through early-stage investments and liquidity support.
Publish date
8:00am, Monday, February 3, 2025
Referenced by
TVM Ventures launches $100M fund to boost TON ecosystem growth
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it focuses on funding startups within the TON ecosystem, particularly in decentralized finance (DeFi) and payment finance (PayFi) verticals
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TVM Ventures targets seed-stage investments at valuations of $5 million to $10 million, taking a leading position with check sizes between $500,000 and $1 million
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