Telegram raised $1 billion in new investment through bonds

Pavel Durov, the founder of messaging app Telegram, said on Tuesday that the company has raised more than $1 billion in funds by selling bonds to multiple investors. This includes a total of US$150 million in investments by Mubadala Investment Co. and Abu Dhabi Catalyst Partners (the latter is partly owned by the Abu Dhabi National Fund), but Telegram has not disclosed more details about other investors.

Pavel Durov stated that the investors include “some of the big-name and far-sighted investors from all over the world”, and Telegram will use the funds to help formulate business development plans and promote monetization strategies, especially premium subscriptions for corporate customers. service.

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Mubadala executive Faris Sohail Faris al-Mazrui also said in a statement: “Telegram’s user base has reached a critical point, making it one of the global technology giants.” In addition, with this letter investment, Telegram, which has its headquarters in the UAE, will open a new office in Abu Dhabi.

Finally, Reuters pointed out that due to privacy concerns about the social networking giant Facebook’s WhatsApp application, messaging applications represented by Telegram and Signal have added many new users this year, and the current number of monthly active users of Telegram has reached 500 million level.

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