Crypto & NFT Pockets Phantom Raises $150M In Collection C Spherical

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Phantom, a multi-chain crypto and non-fungible token pockets providers supplier, has raised $150 million in a collection C funding spherical. Phantom’s profitable fundraising exhibits that particular person traders, companies, and establishments have regained confidence within the crypto market and at the moment are keen to speculate once more within the nascent crypto sector. Beforehand, traders suffered Fud over poor efficiency and an absence of correct regulatory framework, which the upcoming US President Trump has vowed to revive.

Phantom Raises $150M In Collection C Funding Spherical

In a January 17 weblog put up, Phantom confirmed that it had raised $150 million in a Collection C funding spherical. The initiative was led by enterprise capital companies Sequoia Capital and Paradigm. The funding spherical additionally attracted the participation of Andreessen Horowitz (A16z) and Variant. The Collection C funding spherical was sealed at a valuation of $3 billion, over two occasions the corporate’s earlier valuation.

We’re thrilled to share we have raised a $150M Collection C at a $3B valuation, co-led by @sequoia and @paradigm.

This milestone accelerates our mission to construct the world’s greatest and most-trusted shopper finance platform. pic.twitter.com/REIt4wqeGh

— Phantom (@phantom) January 16, 2025

Launched in 2021, Phantom is a non-custodial crypto and non-fungible token pockets providers supplier. The NFT pockets was based in San Francisco, California, by Brandon Millman, Chris Kalani, and Francesco Agost. Phantom is a go-to pockets for crypto and non-fungible tokens on Solana, Ethereum, and Polygon. Phantom is a good crypto and NFT pockets, particularly as a consequence of its easy consumer expertise and straightforward staking choices.

When it comes to safety, Phantom is likely one of the safe crypto and non-fungible token wallets. It has enhanced options, together with multi-chain help, phishing safety, NFT instruments, and staking rewards of as much as 9% APY on Solana. Phantom claims to have over 15 million month-to-month lively customers and has overseen $20 billion in annual swap quantity and $25 billion in self-custody property.

The crypto and NFT pockets firm anticipates utilizing the recent capital to “construct the most important shopper finance platform. In a press launch shared on January 16, Phantom mentioned that the brand new capital will play a vital function in its long-term future. “It’s time to tackle conventional finance and turn into the world’s greatest shopper finance platform,” Phantom added. Whereas commenting in regards to the announcement, Brandon Millman, the Chief Govt Officer of Phantom, remarked:

“Our mission has at all times been to make crypto extra accessible, intuitive, and protected for everybody. This newest spherical of funding permits us to speculate additional in innovation and finally modernize shopper finance.”

Phantom’s Beforehand Fundraisings

The fundraising follows Phantom’s funding initiative in 2022, which raised over $100 million, bringing the corporate’s valuation to $1.2 billion. The corporate used the raised funds “to make crypto safer and simpler to make use of” by serving to the corporate construct important pockets infrastructure and strong security measures. Phantom plans to lift extra funds via product gross sales and partnerships in 2025. Phantom plans to spend money on social discovery options round and simplify peer-to-peer on the high of its listing.