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TON - Undisclosed
Overview
Funding Date
April 6, 2021
Financing amount
$6M
Valuation
--
Catagory
About TON - Undisclosed
TON Labs, the development arm behind the Free TON blockchain, raised $6 million through an investment round led by venture capital firm Runa Capital. The funding will go toward building out a new product environment for the Free TON blockchain, which the company describes as the fastest decentralized protocol due to its unique dynamic sharding mechanisms.
In addition to Runa Capital, RTP Global — an investor of early-stage technology companies — also contributed to the funding round.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2010 | 2 | info@runacap.com | ||
| Fund | United Kingdom | 2000 | 3 | info@rtp-global.com |
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.