Phantom Wallet Raises $150M & Hits $3B Valuation

Crypto self-custody wallet Phantom now has $150 million in series C funding rounds, with a valuation of $3 billion. Lead investors include giant venture capital outfits Sequoia and Paradigm, along with Andreessen Horowitz (a16z) and Variant joining the fray.

In a recent statement shared on X, the funds will be used to work on the launch of new social features, token, and app discovery improvements, in addition to making peer-to-peer payments easier. It goes in line with the company’s mission, which is to modernize consumer finance and make cryptocurrency more accessible, intuitive, and secure.

Phantom Wallet Fuelling the Growth

Now that Phantom has ended up being among the biggest crypto players, which boasts a user base of above 15 million monthly active users, its wallet traded late in 2024 on volumes of a level found among industry leaders such as MetaMask and Coinbase Wallet, through revenues and active traders. Series C funding has ready Phantom to ride full throttle at mainstreaming the crypto and the blockchain.

During 2024, Phantom also bought Bitski as well as Blowfish to boost up the wallets of the organization and add the feature on some of the things about security that were all highly crucial for raising a tremendous system for that divergent kind of user about the cryptocurrency. According to Brandon Millman, the CEO of Phantom, “Our mission has always been to make crypto more accessible, intuitive, and safe for everyone.” According to Phantom, this new funding round allows us to further invest in innovation and ultimately modernize consumer finance.

With its latest funding, Phantom will continue to form partnerships and look at acquisitions that will make it a leader in the evolution of Web3 and crypto adoption. To date, this is the largest funding round in 2025, with growing investor confidence in Phantom’s vision and potential.