About TON
TON is a company based in Switzerland founded in 2018. It operates as a Token / Crypto Economy. TON has raised $438 million across 4 funding rounds from investors including Bitget, Ribbit Capital and Sequoia Capital. TON offers products and services including Toncoin, TON Wallet, and TON Sites. TON operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
- Headquarter Switzerland
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$438 M (USD)
in 4 rounds
-
Latest Funding Round
$400 M (USD), Series B
Mar 20, 2025
-
Investors
Bitget
& 9 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of TON
TON offers a comprehensive portfolio of products and services, including Toncoin, TON Wallet, and TON Sites. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Toncoin is used for transactions and network operations.
TON Wallet enables access to cryptocurrency via Telegram.
TON Sites offer decentralized web hosting on TON.
Funding Insights of TON
TON has successfully raised a total of $438M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $400 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $400.0M
-
First Round
First Round
(06 Mar 2024)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - TON | Valuation |
investors |
|
| Sep, 2024 | Amount | Series A - TON | Valuation |
investors |
|
| May, 2024 | Amount | Series A - TON | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TON
TON has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Bitget, Ribbit Capital and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Sequoia Capital is engaged in venture capital investments.
|
Founded Year | Domain | Location | |
|
Early-stage companies in fintech and multiple sectors are invested in.
|
Founded Year | Domain | Location | |
|
Venture capital investments are offered to promising startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by TON
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - TON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ton Comparisons
Competitors of TON
TON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
|
|
| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
|
|
| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
|
|
| domain | founded_year | HQ Location |
Provider of a blockchain network
|
|
| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
|
|
| domain | founded_year | HQ Location |
A blockchain-based public network is operated for decentralized application development.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ton
Frequently Asked Questions about TON
When was TON founded?
TON was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is TON located?
TON is headquartered in Switzerland.
Who is the current CEO of TON?
Maximilian Crown is the current CEO of TON.
Is TON a funded company?
TON is a funded company, having raised a total of $438M across 4 funding rounds to date.
What does TON do?
TON, known as The Open Network, is built as a decentralized and open internet platform designed to onboard millions of users on-chain. It is supported by a community using technology initially developed by Telegram. The network focuses on providing solutions like Toncoin for transactions, games, and collectibles, alongside services such as TON Wallet for crypto management, TON Sites for Web3 hosting, and cross-chain bridges for asset transfers. TON operates in the blockchain and decentralized finance sectors, emphasizing scalability, security, and global accessibility.
Who are the top competitors of TON?
TON's top competitors include Mysten Labs, Solana and O(1) Labs.
What products or services does TON offer?
TON offers Toncoin, TON Wallet, and TON Sites.
Who are TON's investors?
TON has 10 investors. Key investors include Bitget, Ribbit Capital, Sequoia Capital, Benchmark, and Kingsway Capital.