TechFlow reports on March 20, according to The Block, the TON Foundation announced that a group of venture capital firms including Sequoia Capital, Ribbit, Benchmark, and Kingsway have invested over $400 million in Toncoin cryptocurrency. Other investors include Vy Capital, Draper Associates, and Libertus Capital, as well as CoinFund, Hypersphere, SkyBridge, and Karatage.
A spokesperson for the TON Foundation said: "These venture capital firms have invested over $400 million in Toncoin, the native cryptocurrency of the TON blockchain. The funds were provided in the form of Toncoin, not traditional equity or cash."
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