The Open Platform Becomes First TON Unicorn Following $28.5M Raise
2025-07-03 16:53:08
Main Idea
The Open Platform (TOP) has become the first unicorn in the TON ecosystem with a $1 billion valuation after raising $28.5 million in an extended Series A round led by Ribbit Capital and Pantera Capital.
Key Points
1. The Open Platform raised $28.5 million at a $1 billion valuation in an extended Series A fundraising.
2. The funding round was led by Ribbit Capital, with participation from Pantera Capital.
3. TOP is the first unicorn in the TON (The Open Network) ecosystem.
4. The company is building core infrastructure and consumer-facing apps on TON, targeting a global user base.
5. TOP plans to use the capital to expand across the U.S., Europe, and other regions, and has developed products like NFT marketplaces and games.
Description
The Open Platform (TOP), a provider of tools for developers in Telegram’s crypto infrastructure, said it raised $28.5 million in an extended Series A round led by Ribbit Capital, with participation from Pantera Capital. The raise brings TOP’s valuation to $1 billion, making it the first unicorn in the TON (The Open Network) ecosystem, the company said. The company is building core infrastructure and consumer-facing apps on TON, Telegram’s official blockchain partner , aiming to scale crypto adop...
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