Phantom Raises $150M in Growth

Phantom has successfully raised $150M in a Growth at a $3B valuation led by Paradigm, Sequoia Capital.

Company Overview

Phantom is a Crypto/Web3 company headquartered in San Francisco, CA, founded in 2021 with 120+ employees.

Multi-chain crypto wallet for Solana and digital assets

Fundraising Details

• Amount Raised: $150M
• Round Type: Growth
• Valuation: $3B
• Date: 2025-03-10
• Investors: Paradigm, Sequoia Capital

About Phantom

Multi-chain crypto wallet for Solana and digital assets The company is positioned in the Crypto/Web3 sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2021
• Team Size: 120+
• Industry: Crypto/Web3

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/Web3 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/Web3 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/Web3 space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-03-10. For more information about Phantom, visit their headquarters at San Francisco, CA.