Turnkey raises $30M in Series B funding led by Bain Capital Crypto to enhance secure wallet infrastructure. The funds will support the expansion of their team and capabilities.

Jun 09, 2025•6 months ago

Amount Raised

$30 Million

Round Type

series b

New YorkSoftwareBlockchainCyber Security

Investors

VariantWintermute VenturesGalaxy VenturesLightspeed FactionSequoia CapitalBain Capital Crypto

Description

On June 9, 2025, Turnkey raised $30 million in a Series B funding round led by Bain Capital Crypto. The company’s total funding surpasses $50 million. Investors included Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant. The funding will be used to expand the team and enhance infrastructure.

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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