The Open Platform completes a $28.50 million Series A funding round, led by Ribbit Capital
Powered by ChatGPTOn July 3rd, according to Fortune, The Open Platform, a Telegram ecosystem development platform, announced the completion of a $28.50 million Series A funding round, reaching a post-investment valuation of $1.00 billion. Ribbit Capital led the round, with participation from crypto venture capital firm Pantera Capital. This financing involved the issuance of approximately 5% of the equity and did not include any Cryptocurrency allocation. The Open Platform has now raised over $70.00 million in total funding. TOP is the core developer of Telegram's official blockchain, The Open Network ($TON), and its "Telegram Wallet" has been made available to users in Russia, Asia, and other regions. The new funds will be used to expand into compliant markets in Europe and the United States, and to incubate blockchain games and AI applications based on TON. [深潮 TechFlow]