Phantom Wallet Secures $150M in Funding, Hits $3B Valuation

Phantom, a leading crypto wallet provider, has raised $150 million in a Series C funding round, achieving a $3 billion valuation. The round was led by Sequoia Capital and Paradigm, with support from Andreessen Horowitz and Variant. CEO Brandon Millman highlighted the company’s mission to make crypto accessible and safe, noting that the funds will support new features like social discovery and simpler peer-to-peer payments. Phantom, with 15 million active users, saw significant growth, handling over $20 billion in annual swaps. Its revenue surged in late 2024, outpacing competitors Coinbase Wallet and MetaMask. Phantom aims to revolutionize consumer finance with this latest boost.