Phantom, one of the most popular crypto wallets in the world, recently concluded a significant Series C funding round, raising 150 million dollars thanks to the support of Sequoia Capital and Paradigm.
Phantom Wallet: Sequoia and Paradigm lead an investment of 150 million
This result has led to the company’s valuation reaching 3 billion dollars, a significant increase compared to the 1.2 billion dollars achieved during the previous Series B round. This milestone confirms Phantom’s role as a leading player in the cryptocurrency ecosystem.
The rise of Phantom is not by chance. The platform has experienced extraordinary growth in recent years, attracting a base of 15 million active monthly users, who use the app on average 12 times a day.
In 2024, Phantom facilitated over 850 million on-chain transactions, consolidating its reputation as an essential tool for those operating in decentralized finance (DeFi). Currently, the wallet manages assets worth over 25 billion dollars, a figure that demonstrates the trust users place in the security and features offered.
A mission centered on accessibility: Sequoia leads the new Round C of Phantom Wallet
Phantom has stood out from the beginning for its ambitious goal: simplifying the crypto experience. Cryptocurrencies, often perceived as complex and unintuitive, become easily accessible thanks to a user-friendly interface and an optimized user experience.
The platform acts as a bridge between blockchain technology and users, reducing technical barriers and encouraging broader participation in the decentralized world.
In the official statement accompanying the announcement of the funding, the company emphasized how these resources will allow them to make “big bets” to accelerate the adoption of cryptocurrencies and build a next-generation consumer finance platform.
This does not mean only improving the functionalities of the wallet, but also redefining the way people interact with cryptocurrencies, making the entire ecosystem more inclusive and accessible.
Social innovation and advanced functionality
Phantom is also introducing a series of social features, designed to enhance interaction between users and simplify peer-to-peer transactions. For example, the introduction of 3.8 million usernames allows users to send and receive funds without having to use complicated wallet addresses.
This innovation represents an important step forward in the user experience, making payments between friends or colleagues quick and intuitive.
Another area of development concerns the discovery of assets, which Phantom is simplifying through tools integrated into the wallet.
Users can now explore and manage cryptocurrencies more efficiently, transforming Phantom into a comprehensive solution for the needs of anyone participating in the bull and bear crypto market.
The involvement of high-profile investors such as Sequoia Capital and Paradigm underscores the solidity of the Phantom project and the confidence in its growth potential.
Both funds are known for supporting innovative companies in the technology and blockchain sector, and their participation in this funding round further strengthens Phantom’s position as a leader in the market.
A vision for the future
With the funds raised, Phantom is preparing to further expand its offering, continuing to innovate to meet the needs of an increasingly large audience.
The platform is laying the foundations for a future in which cryptocurrencies will become an integral part of daily life, thanks to simpler and more secure tools.
Phantom is not just a crypto wallet; it is a platform that embodies the future of decentralized finance, combining cutting-edge technology with an unparalleled user experience.
With a valuation of 3 billion dollars and a constant commitment to innovation, Phantom is destined to become a point of reference in the sector.
Source: https://en.cryptonomist.ch/2025/01/17/phantom-wallet-the-future-of-decentralized-finance-thanks-to-a-new-round-of-investments-with-sequoia/