Fundz

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.

PRIVATEApr 23, 2024

Amount Raised

$15 Million

Round Type

Series A

New YorkSoftwareCyber SecurityBlockchain

Investors

Sequoia CapitalMirana VenturesFigment CapitalAlchemyCoinbase VenturesGalaxy 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.

Quick answer

Turnkey raised $15 Million in a Series A round, dated April 23, 2024. Investors: Sequoia Capital, Mirana Ventures, Figment Capital, Alchemy, Coinbase Ventures, Galaxy Ventures and Lightspeed Faction. Turnkey is based in New York, New York, United States.

How much did Turnkey raise?
Turnkey raised $15 Million in a Series A round on April 23, 2024.
Who invested in Turnkey?
Sequoia Capital, Mirana Ventures, Figment Capital, Alchemy, Coinbase Ventures, Galaxy Ventures and Lightspeed Faction are named as investors in this round.
What does Turnkey do?
Turnkey is a powerful, modular, and adaptable operating system for wallets—built for developers who demand full control.
Where is Turnkey based and how big is it?
Turnkey is based in New York, New York, United States.
Who are the decision-makers at Turnkey?
Fundz holds 1 contact at Turnkey. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Cyber Security and Blockchain around the same time

Companies in the same sectors as Turnkey that raised within 45 days of this round, from Fundz verified event records.

  • Fhenix raised $15M (Series A) on June 4, 2024.
  • ARPA Network raised $6M (Funding Round) on May 31, 2024.
  • Forward raised $16M (Seed) on May 31, 2024.
  • NodeOps raised $5M (Seed) on May 27, 2024.
  • ActiveNav raised $8.2M (Funding Round) on May 23, 2024.
  • CAT Labs raised $9.7M on May 23, 2024.

Who to call at Turnkey, and when

A new round usually means Turnkey is about to hire and buy. The teams that reach out first get the meeting.

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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

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Turnkey raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.