Court Documents Reveal More Possible Investors in Telegram's $1.7B ICO - Coindesk

bloomberg.com
Bloomberg
Court Documents Reveal More Possible Investors in Telegram's $1.7B ICO - Coindesk
Bloomberg via bloomberg.com
Some big names that may have invested in Telegram’s token sale are surfacing in court documents as the company fights a case brought by the U.S. Securities and Exchange Commission. Seeing through the redaction According to the documents the SEC attached to its recent motions to court, U.S. investment funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint could have invested in the gram tokens, according to the witness declarations attached to the SEC’s motion for summary judgment submitted on Jan. 13.

According to the witness, on or about Aug. 13, 2019, John Hyman, who led Telegram’s fundraising in the U.S., contacted them together with Alexander Filatov, the managing partner of TON Labs, which turned out to be an unofficial tech partner of Telegram helping work on TON. A meeting in London A document named “PX5 KPCB Redacted,” which contains the acronym for Kleiner Perkins Caufield Byers fund name (“PX5” is the number of an attachment), contains a declaration of the former partner at a California-based venture fund that invested $30 million in TON during the first round of the token sale, getting an allocation of about 70.5 million grams in return.