General World News

Silicon Valley VCs are reportedly lining up to invest in Telegram, the messaging app beloved by crypto traders and criticised by Theresa May

Telegram CEO Pavel Durov

  • FT: Kleiner Perkins Caufield & Byers, Benchmark, and Sequoia Capital want to invest in Telegram’s upcoming $1.2 billion ICO.
  • Encrypted messaging app Telegram has exploded in popularity and is the app of choice for cryptocurrency traders.
  • But the app is also popular with terrorists and has become a magnet for scammers looking to get rich quick in the crypto market.

LONDON — Silicon Valley venture capital firms are keen to invest in Russian messaging app Telegram, according to the Financial Times.

The FT reported on Friday that Kleiner Perkins Caufield & Byers, an early backer of Google and Amazon, Benchmark, which backed read more >>>

Source:: BusinessInsider.Com