Phantom Raises $150M in Series C
Phantom has successfully raised $150M in a Series C at a $3B valuation led by Paradigm, a16z crypto.
Company Overview
Phantom is a Crypto company headquartered in San Francisco, CA, founded in 2021 with 120+ employees.
Developer of crypto wallet for decentralized finance and NFTs
Fundraising Details
- Amount Raised: $150M
- Round Type: Series C
- Valuation: $3B
- Date: 2025-01-26
- Investors: Paradigm, a16z crypto
About Phantom
Developer of crypto wallet for decentralized finance and NFTs The company is positioned in the Crypto sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2021
- Team Size: 120+
- Industry: Crypto
What This Means
This funding round demonstrates strong investor confidence in Phantom's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Crypto sector continues to attract significant investment as companies innovate to meet evolving market demands. Phantom's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Phantom, positioning the company among notable players in the Crypto industry.
Looking Ahead
With this new capital, Phantom is well-positioned to execute on its growth strategy and continue building innovative solutions in the Crypto space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2025-01-26. For more information about Phantom, visit their headquarters at San Francisco, CA.
