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The Open Platform, a key TON developer that is behind Telegram's Wallet, raised a $28.5M Series A at a $1B valuation, bringing its total funding to $70M+ (@bdanweiss / Fortune) https://t.co/vanqZAKpQI https://t.co/zluPtouDv1 https://t.co/ZOzeer2dpR
The Open Platform $28.5M Series A Round⚡️ 📑 About: @topdotco is a blockchain-based project designed to enhance the Telegram ecosystem. 🤝 Investors: Ribbit Capital (Lead), and @PanteraCapital 🏷 Valuation: $1B 👉 https://t.co/LaVgz15xoH https://t.co/gnMgFfXM5w
[FORTUNE] Exclusive: Telegram blockchain startup TOP raises $28.5 million as messaging platform expands crypto footprint $TON
The Open Platform, the Abu Dhabi-based developer behind Telegram’s TON blockchain wallet, has become a unicorn after closing a $28.5 million Series A round that values the company at $1 billion. Venture firm Ribbit Capital led the financing, with additional funding from Pantera Capital, in exchange for roughly 5% of TOP’s equity, according to chief executive Andrew Rogozov. TOP has now raised more than $70 million across several rounds to advance applications on The Open Network, the blockchain selected by Telegram for its crypto services. The fresh capital will be used to expand Telegram’s built-in Wallet to the United States and Europe and to incubate additional TON-based projects, including blockchain games and AI services.
