Phantom Wallet raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm to accelerate crypto adoption.
Jan 16, 2025•8 months ago
Amount Raised
$150 Million
Round Type
series c
Investors
VariantA16zParadigmSequoia Capital
Description
Phantom Wallet has raised $150 million in a Series C funding round, achieving a valuation of $3 billion. Investors include Sequoia Capital, Paradigm, a16z, and Variant. The company aims to enhance its position as a leading crypto wallet with 15 million monthly active users and $25 billion in self-custody assets.
FundzWatch™ Score
82
Medium Activity
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech