Telegram ICO Receives $12.2 Million from an “Unknown” Investor


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According to the Telegram’s claims, an “unknown” investor provided $12.2 Million funds for the company’s ICO. Organization of Telegram ICO was a fundraiser private sale of Gram tokens, which took place in March 2018.

Large and Anonymous Investment Received

Telegram ICO management did not provide details regarding investor’s identity, as can be seen in a document that Russian media company Life got hold of from Canadian authorities.

According to the source, Telegram’s founders, Pavel, and Nikolai Durov hired Cassels Brock & Blackwell to secure the deal. The agreement took place in Alberta, Canada, with purchase conducted in US dollar.

According to Life’s analysis, there is a mismatch between the country where the official communication took place and the fiat was used. Although the CAD is a national currency, the USD was the main tool of the transaction. This can signify the lack of national aspects of the investor. However, there is little evidence who the investor was and where he or she originated from.

The Gram ICO

The Telegram company seeks to expand its messaging app towards crypto markets and grow its customer base. After winning the case against Lantah over naming rights for Gram, the project is entering the third round of ICO sell-out.

The ICO itself is to take place in the last quarter of this year. There have also been many allegations with fear that the fundraiser might not even take place. With over $1.7 billion raised so far in two rounds, only two investors made themselves known – Sergei Solonin (Qiwi’s founder) and David Yakobashvili (Wimm-Bill-Dann Foods’s founder).

Apart from the individuals, Telegram reports three large organizations to invest in Gram ICO. Namely, these are Benchmark, Kleiner Perkins Caufield & Byers, and Sequoia Capital, all taking part in the pre-sale stage.

Source: CryptoNews

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