Phantom Wallet raises $150 million at $3 billion valuation

Phantom Wallet raises $150 million at $3 billion valuation

Reported by The Block: Phantom Wallet has raised $150 million at a $3 billion valuation.
Sequoia and Paradigm led the Series C round, with a16z and Variant also participating.

Phantom Wallet has raised $150 million and secured a $3 billion valuation, it said in a statement. Venture capital firms Sequoia Capital and Paradigm led the Series C funding round, which also included a16z and Variant.

Co-founder and CEO Brandon Millman said, "The wallet’s rise in popularity shows that there’s a 'broader trend' in which more people are buying crypto directly with their digital wallets instead of using Coinbase Global Inc.’s exchange and other centralized platforms," according to Bloomberg.

The company said it has 15 million monthly active users and $25 billion in self-custody assets. In November, the crypto wallet app placed ninth among the top free iPhone apps.

"With these new resources, we plan on making bigger bets to accelerate crypto adoption and become the world’s biggest and most-trusted consumer finance platform," the company said, noting that Phantom Wallet "has become the most dominant crypto wallet in the world, thanks in large part to Solana."

Phantom Wallet's funding round appears to so far be the biggest of 2025 in crypto. Sygnum Bank announced this week it had raised $58 million in a strategic growth round.

Source

Wallet

Related News
Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors Crypto wallet Phantom confirms it won’t launch a token amid airdrop rumors
BingX launches ‘ShieldX’ wallet firewall months after $52M hack BingX launches ‘ShieldX’ wallet firewall months after $52M hack
Crypto wallet Exodus donates $1.3M to help ‘mobilize’ US crypto voters Crypto wallet Exodus donates $1.3M to help ‘mobilize’ US crypto voters
MetaMask Wallet Introduces Ethereum Pooled Staking Service MetaMask Wallet Introduces Ethereum Pooled Staking Service
MetaMask Introduces New Feature Smart Transaction to Avoid MEV MetaMask Introduces New Feature Smart Transaction to Avoid MEV
Latest News More More
2 Days Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
March 27 Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
March 27 MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open