Phantom January 2025 Series C Funding Round

Phantom raised $150 million in Series C funding to further develop its crypto wallet and expand into consumer finance. The funding was co-led by Sequoia Capital and Paradigm, with additional participation from a16z crypto and Variant. This round brings Phantom's valuation to $3 billion. The funds will accelerate crypto adoption and enhance the platform’s capabilities, including infrastructure, security, and social discovery features. Phantom plans further acquisitions and strategic investments to strengthen its position as a leading consumer finance platform.