The Open Platform, a company developing TON-based innovations in Telegram, has completed its Series A funding round, raising $28.5 million.
Funding Round Details
The funding round was led by Ribbit Capital, with Pantera Capital also participating. The successful round brought The Open Platform's total funding to over $70 million. This investment signals investor confidence in the company's ability to develop the blockchain ecosystem in Telegram built on the TON Blockchain.
Company's Strategic Focus
The Open Platform is currently focused on geographical expansion. The newly raised capital will support the launch of its portfolio companies across the U.S., EU, and other key regions. The strategy involves significant investments in go-to-market approaches, regulatory licensing, compliance, and security improvements.
Investors’ Insights on Prospects
Andrew Rogozov, CEO and Founder of The Open Platform, stated, “This investment supports our long-term strategy to scale the adoption of blockchain-based products by leveraging Telegram as a distribution channel.” Investors such as Micky Malka from Ribbit Capital and Ryan Barney from Pantera Capital expressed their confidence in The Open Platform's potential and the opportunities that the integration of blockchain technology presents.
The investment in The Open Platform highlights the growing interest in the TON ecosystem and the potential for blockchain technology in messaging and financial services.
