Jan 18, 12:56 PM

Phantom Cryptocurrency Wallet Raises $150M at $3B Valuation, Boasting 15M Users and $25B in Assets

Phantom, a leading cryptocurrency wallet primarily used on the Solana blockchain, has successfully raised $150 million in a Series C funding round, achieving a valuation of $3 billion. The funding round was co-led by prominent venture capital firms Sequoia Capital and Paradigm, with participation from a16z crypto and Variant. The wallet currently boasts 15 million active users and manages assets worth $25 billion. This latest funding effort is part of a broader trend in the crypto sector, where venture capital investments surged by 46% quarter-over-quarter in Q4 2024, totaling $3.5 billion across 416 deals, marking the highest level of activity in two years.

#Phantom #Solana #Sequoia Capital #Paradigm #Variant

Written with ChatGPT (GPT-4o mini).

Sources

Sheel Mohnot@pitdesi
1 year ago
Consumer venture investing peaked in 2016, at 1/3rd of top VC dollars Now it’s down to 1/16th https://t.co/uAb8h5ICvM
crypto.news@cryptodotnew
1 year ago
🌪️This week saw a massive $150M Series C round, pushing total investments past $700M. Let’s dive deeper into the key crypto VC funding efforts and which firms were involved👇 https://t.co/HlV3iQpl0y https://t.co/6gfJ85QbJh
Tony G@TonyGuoga
1 year ago
Phantom, the leading wallet app on Solana, just raised $150 million at a $3 billion valuation. Congrats to the team and the Solana community! https://t.co/gZQi23rYwK

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