Phantom crypto wallet announced raising $150 million in a Series C funding round, boosting its valuation to $3 billion.
Funding Round by Sequoia and Paradigm
Phantom crypto wallet secured $150 million in a Series C funding round led by venture capital firms Sequoia and Paradigm. According to Phantom, this investment will help the company to expand its range of services and strengthen its market position.
New Features and Social Innovations
As per the official announcement from Phantom, the funds raised will help the company further develop and enhance its service features. Plans include the launch of new social functions, improving the token and app discovery mechanisms, and simplifying user-to-user payments.
Accelerating Crypto Adoption
With over 15 million monthly active users, Phantom plays a significant role in promoting the adoption of cryptocurrency and blockchain technologies. In 2024, the company acquired two firms, Bitski and Blowfish, enhancing wallet infrastructure and security. Phantom intends to continue strengthening partnerships and making strategic acquisitions to achieve its goals.
The current $3 billion valuation indicates significant growth from its previous $1.2 billion evaluation. This funding marks the biggest so far in 2025.
