TON (The Open Network) - Undisclosed
Overview
Funding Date
March 20, 2025
Financing amount
$400M
Valuation
--
Category
About TON (The Open Network) - Undisclosed
The Open Network Foundation, or TON Foundation, said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying the Toncoin cryptocurrency.
TON is the blockchain used to power the growing number of mini apps that function within the Telegram's messaging app ecosystem.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1972 | 77 | wmc@sequoiacap.com | ||
| Fund | United States of America | 2015 | 91 | info@coinfund.io | ||
| Fund | United States of America | 2020 | 82 | -- | ||
| Fund | United States of America | 2012 | 36 | info@ribbitcap.com | ||
| Fund | United Kingdom | 2013 | 33 | info@kingswaycap.com | ||
| Fund | United States of America | 1985 | 28 | plans@draper.vc | ||
| Fund | United Kingdom | 2017 | 19 | hello@libertuscapital.com | ||
| Fund | United States of America | 1995 | 5 | info@benchmark.com | ||
| Fund | United Arab Emirates | 2013 | 8 | -- | ||
| Fund | United States of America | 2005 | 4 | -- |
Founders & Team
Nikolai Durov
Pavel Durov
Company Profile / Project Introduction
TON is a fifth-generation proof-of-stake blockchain designed by Telegram and led by an open community of developers. The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.