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Turnkey raises $15M in a Series A funding round led by Lightspeed Faction and Galaxy Ventures to enhance crypto user experience with innovative wallet solutions.

Apr 23, 2024•over 1 year ago

Amount Raised

$15 Million

Round Type

series a

New YorkSoftwareBlockchainCyber Security

Investors

Mirana VenturesFigment CapitalAlchemyCoinbase VenturesSequoiaGalaxy VenturesLightspeed Faction

Description

Turnkey, the leading provider of secure, flexible, and scalable wallet infrastructure for crypto developers, raised a $15 million Series A funding round to enhance the crypto user experience with innovative wallet solutions. The round was led by Lightspeed Faction and Galaxy Ventures, with participation from Sequoia, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures.

Company Information

Company

Turnkey

Location

New York, New York, United States

About

Turnkey is a powerful, modular, and adaptable operating system for wallets—built for developers who demand full control. Designed by the team that scaled Coinbase Custody past $100B in assets, and backed by Sequoia, Lightspeed Faction, and Galaxy, Turnkey provides low-level wallet infrastructure primitives that can be mixed, matched, and configured for any use case.

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Funding Insights

Based on industry data
VC-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