TonUP announces closing of a seed funding round led by TONCoin Fund

British Virgin Islands - October 27, 2023 /MarketersMEDIA/ —

TonUP, a distinguished Launchpad platform operating on the TON Blockchain, is excited to announce the successful closing of a seed funding round led by TONCoin Fund. TonUP secured significant financial backing from a consortium of investors, including Foresight X, Waterdrip, BitFund DAO, and various industry insiders.

Min, the partner at Foresight X, expressed, "With the emergence of Telegram Wallet, we are standing on the precipice of an array of new opportunities with the TON ecosystem. We believe TonUP, with its dynamic and knowledgeable team, is a crucial catalyst in this revolution. Thus, our investment goes beyond mere financial backing; we are committed to actively assisting in TonUP's development strategy. We foresee successful collaboration with the TonUP team and are eager to extend our support to others working within the expansive TON ecosystem."

This round of financing will mainly be used for the expansion and marketing of the TonUP team. TonUP will be more proactive in expanding its market presence in Greater China and the CIS region.

About TONCoin Fund: TONcoin.Fund is an investment entity dedicated to helping founders working on The Open Network. It boasts an extensive operational background and prides itself on guiding founders through every stage of their growth journey - from initial fundraising, and daily operations, to expansion strategies. The fund's primary aim is to furnish founders with the mentorship and resources needed to efficiently scale their TON-centric projects.

About Foresight X: Foresight X, the accelerator arm of Foresight Ventures, hosts 3-4 cohorts annually, offering each startup $200,000 in funding alongside a comprehensive spectrum of acceleration services. Foresight X actively promotes collaboration between projects and leading public chains, supports global hacker houses and developer events, and collaborates closely with Open Build, a thriving developer community in APAC, to provide essential product development support.

About Us: TonUP is a leading launchpad platform, engineered on the TON Blockchain. With a core mission to identify and foster high-potential projects and opportunities, TonUP plays an integral role in supporting asset growth and project development within the TON ecosystem.

Contact Info:
Name: Leo
Email: Send Email
Organization: TonUP
Website: https://tonup.io/

Release ID: 89111517

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