TON Labs is the company developing the Free TON blockchain platform, built on the open-source TON code originally developed by Pavel and Nikolai Durov. The company is led by founder Alexander Filatov and employs about 60 programmers. TON Labs reports the platform has roughly 120,000 users and expects that number to grow to 50 million in 2021. The recent capital will be used to pay the engineering team and support ongoing development. TON Labs operates in the blockchain/cryptocurrency space and is closely tied to the Free TON community that continued work after Telegram halted the original TON project.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2021