TVM Ventures continues to strengthen the TON ecosystem by supporting key projects in DeFi and SocialFi.
Recent investment rounds for Torch Finance, Factorial Finance, and Memes Lab have collectively raised $5.75 million, highlighting TON's commitment to scaling its financial and social solutions.
Torch Finance, TON's leading Stable Swap protocol, secured $1.5 million in its pre-seed round by TVM Ventures, with strategic partners including Michael Egorov (Curve Finance) and other angel investors.
Torch Finance has proved itself by winning the Stable Swap competition hosted by TON Foundation and Curve Finance and becoming an official TVM partner of Curve Finance.
Key Development Factors:
- Integration with Curve Finance and CrossCurve, enabling the migration of $2 billion in liquidity from EVM to TON
- Launching Stable Swap V2 and a decentralized stablecoin backed by TON assets
- Introducing Simple Earn, a passive income tool for Telegram users
Michael Egorov, Founder of Curve Finance:
“Working with an expert team on a different network makes sense because it creates the potential for high liquidity density for yield-bearing tokens on TON.”
Factorial Finance, which is developing modular DeFi lending on TON, raised $1.8 million in a seed funding round. Investors include B-Harvest, VistaLabs, TVM Ventures, SingularV, and others.
Core Protocol Elements:
- Isolated Pools: enables independent risk management in each pool
- Pool Factory: a tool for creating custom liquidity pools
- Vault System: automated management of yield strategies and risk mitigation
Justin Hyun, Co-Founder of Factorial Finance (and an old-time friend):
"Our goal is to simplify access to DeFi while maintaining high functionality and security. Integrating TON with Telegram unlocks unique opportunities for mass adoption.”
Factorial is also launching user incentive programs:
- Incentive Farming: reduces interest rates for borrowers via TON rewards
- Point Farming: a loyalty program for active platform users
Memes Lab, a SocialFi and meme coin project, raised $2.45 million in a seed round led by Lemniscap.
Key Project Features:
- Integration with Telegram Stars, enabling nearly 1 billion Telegram users to buy meme coins without crypto wallets
- Automated Telegram group creation when launching meme coins, ensuring instant community engagement
- Tap-to-Earn gaming model, which has already attracted 17 million users.
Vova Sadkov, Co-Founder of Memes Lab:
“Meme coins are all about community. We aim to create an environment where users can easily launch and spread their meme coins while staying engaged.”
Roderik van der Graaf, Lemniscap:
“Memes Lab showcases how SocialFi and meme coins can build a new economy in Telegram by leveraging its unique engagement mechanics.”
TVM Ventures and its partners are scaling up TON in DeFi and SocialFi:
- Deep integration with Curve Finance and institutional liquidity
- Developing Telegram Stars as a tool for DeFi interaction
- Creating user-friendly Web2-to-Web3 transition solutions
These investments reinforce TON's long-term strategy - building a universal financial and social platform fully integrated with Telegram.
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