TON Labs

TON Labs is the developer of the Free TON blockchain platform, founded in 2018, which by the beginning of April 2021 has 120 thousand users. Among the countries with the highest growth rates of the Free TON network are South Korea, India, Mexico, Russia and the CIS, France, Africa.

History

2021: Raising $6 million by investment, including from Runa Capital and RTP Global

In early April 2021, it became known about raising $6 million with an investment by TON Labs. It was invested in the venture fund Runa Capital and the investment company RTP SoundLeonid Boguslavsky, as well as a number of foreign funds.

As the founder of TON Labs, Alexander Filatov, told Forbes, the funding round took place back in 2020. The assessment of the startup based on the results of this transaction is not disclosed. The company intends to spend the funds received on business development.

Leonid Boguslavsky in a conversation with the publication noted that his investments in TON Labs were "very small" and aimed at "seeing what the guys succeed." Boguslavsky said he believes in blockchain, but has not previously invested in cryptocurrency projects in RTP Global.

Runa Capital and RTP Global Leonid Boguslavsky invested $6 million in blockchain company TON Labs

The general partner of Runa Capital Dmitry Chikhachev told the publication that TON Labs is the only blockchain company in which the fund invested.

We invest in technology and software, appreciate the tasks that the company is solving, and see high potential in the decentralized Free TON platform, "he added.

The OpenSource project TON and its team are "radically different" from other companies in the blockchain industry, Chikhachev noted.

TON Labs Technical Director Dmitry Goroshevsky in an interview with Forklog, commenting on attracting investments, said that as technological ecosystems migrate to the blockchain, the demand for simple and effective development tools will increase.

By April 2021, about 60 programmers work at TON Labs.^[1]

Notes