A group of VCs backing TON includes Sequoia Capital, Ribbit, Benchmark, Kingsway, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, Karatage, and Vy Capital.

The funding was provided in TON rather than traditional equity or cash. Over the past year, TON blockchain's active users surpassed 40 million, with 121 million unique Toncoin holders.

👉 theblock.co/post/347303/telegram-based-ton-foundation-raises-over-400-million-with-token-sale