Crypto & NFT Wallet Phantom Raises $150M In Series C Round

Phantom,
a
multi-chain
crypto
and
non-fungible
token
wallet
services
provider,
has
raised
$150
million
in
a
series
C
funding
round.
Phantom’s
successful
fundraising
shows
that
individual
investors,
businesses,
and
institutions
have
regained
confidence
in
the
crypto
market
and
are
now
willing
to
invest
again
in
the
nascent
crypto
sector.
Previously,
investors
suffered
Fud
over
poor
performance
and
a
lack
of
proper
regulatory
framework,
which
the
upcoming
US
President
Trump
has
vowed
to
restore.

Phantom
Raises
$150M
In
Series
C
Funding
Round

In
a
January
17
blog
post,
Phantom
confirmed
that
it
had
raised
$150
million
in
a
Series
C
funding
round.
The
initiative
was
led
by
venture
capital
firms
Sequoia
Capital
and
Paradigm.
The
funding
round
also
attracted
the
participation
of
Andreessen
Horowitz
(A16z)
and
Variant.
The
Series
C
funding
round
was
sealed
at
a
valuation
of
$3
billion,
over
two
times
the
company’s
previous
valuation.

We’re
thrilled
to
share
we’ve
raised
a
$150M
Series
C
at
a
$3B
valuation,
co-led
by

@sequoia
and

@paradigm.

This
milestone
accelerates
our
mission
to
build
the
world’s
biggest
and
most-trusted
consumer
finance
platform.

pic.twitter.com/REIt4wqeGh

—
Phantom
(@phantom)

January
16,
2025

Launched
in
2021,
Phantom
is
a
non-custodial
crypto
and
non-fungible
token
wallet
services
provider.
The
NFT
wallet
was
founded
in
San
Francisco,
California,
by
Brandon
Millman,
Chris
Kalani,
and
Francesco
Agost.
Phantom
is
a
go-to
wallet
for
crypto
and
non-fungible
tokens
on
Solana,
Ethereum,
and
Polygon.
Phantom
is
a
great
crypto
and
NFT
wallet,
especially
due
to
its
smooth
user
experience
and
easy
staking
options.

In
terms
of
security,
Phantom
is
one
of
the
secure
crypto
and
non-fungible
token
wallets.
It
has
enhanced
features,
including
multi-chain
support,
phishing
protection,
NFT
tools,
and
staking
rewards
of
up
to
9%
APY
on
Solana.
Phantom
claims
to
have
over
15
million
monthly
active
users
and
has
overseen
$20
billion
in
annual
swap
volume
and
$25
billion
in
self-custody
assets.

The
crypto
and
NFT
wallet
company
anticipates
using
the
fresh
capital
to
“build
the
biggest
consumer
finance
platform.
In
a
press
release
shared
on
January
16,
Phantom
said
that
the
new
capital
will
play
a
crucial
role
in
its
long-term
future.
“It’s
time
to
take
on
traditional
finance
and
become
the
world’s
biggest
consumer
finance
platform,”
Phantom
added.
While
commenting
about
the
announcement,
Brandon
Millman,
the
Chief
Executive
Officer
of
Phantom,
remarked:

“Our
mission
has
always
been
to
make
crypto
more
accessible,
intuitive,
and
safe
for
everyone.
This
latest
round
of
funding
allows
us
to
invest
further
in
innovation
and
ultimately
modernize
consumer
finance.”

Phantom’s
Previously
Fundraisings

The
fundraising
follows
Phantom’s
funding
initiative
in
2022,
which
raised
over
$100
million,
bringing
the
company’s
valuation
to
$1.2
billion.
The
company
used
the
raised
funds
“to
make
crypto
safer
and
easier
to
use”
by
helping
the
company
build
essential
wallet
infrastructure
and
robust
security
features.
Phantom
plans
to
raise
more
funds
through
product
sales
and
partnerships
in
2025.
Phantom
plans
to
invest
in
social
discovery
features
around
and
simplify
peer-to-peer
at
the
top
of
its
list.

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