The Open Platform has completed its Series A funding round, raising $28.5 million, reflecting high interest in the TON ecosystem and its integration with Telegram.
Funding Round Details
The Open Platform announced the completion of its Series A funding round, raising $28.5 million. The round was led by Ribbit Capital, with Pantera Capital also participating. The total funds raised now exceed $70 million, demonstrating strong investor confidence in the company's potential to lead development within the TON ecosystem.
Strategic Focus and Expansion
The company is focusing on expanding its operations into the U.S. and European markets. The raised funds will be directed towards implementing strategies for entering new markets, including investments in regulatory compliance and security infrastructure.
Investor Opinions
Andrew Rogozov, CEO of The Open Platform, stated, "This investment supports our long-term strategy to scale the adoption of blockchain products. We aim to create the infrastructure and consumer-facing apps necessary for onboarding a billion users into crypto." Micky Malka, founder of Ribbit Capital, noted, "We back teams that reimagine how the world interacts with money and technology. The Open Platform's vision opens new opportunities for users on a global scale."
Thus, the successful completion of the funding round highlights investor confidence in The Open Platform and strengthens its position within the TON ecosystem.
