The Open Platform secured $28.5 million in Series A funding to expand its Web3 solutions within Telegram, positioning itself as a blockchain unicorn valued at $1 billion.
Information on the Target
The Open Platform (TOP) is a pioneering technology firm focused on innovation in the Web3 space, specifically within the Telegram ecosystem. By integrating blockchain technology into everyday digital transactions, TOP is building a robust platform designed to support a billion users, thereby promoting the widespread adoption of cryptocurrencies.
Founded in 2023 and headquartered in Dubai, United Arab Emirates, The Open Platform has quickly risen to prominence under the leadership of its CEO and Founder, Andrew Rogozov. The company’s mission is to create a seamless infrastructure and user-friendly applications that empower developers and users alike in the crypto space.
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Industry Overview in the Target’s Specific Country
The blockchain and cryptocurrency sector in the United Arab Emirates (UAE) has seen significant growth, driven by regulatory support and the desire to establish a digital econ
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Disclosed details
Transaction Size: $29M
Enterprise Value: $1,000M
Equity Value: $1,000M