Phantom, a leading Solana-focused crypto wallet, has secured $150 million in its Series C funding round, positioning itself to challenge traditional finance as a next-generation consumer finance platform.
Founded in 2021, Phantom’s latest investment, co-led by top venture capital firms, brings its valuation to an impressive $3 billion. The company plans to utilize this capital to accelerate the adoption of cryptocurrency and establish itself as the foremost consumer finance platform globally.
Since its launch, Phantom has experienced remarkable growth, attracting 15 million monthly active users, overseeing $25 billion in self-custody assets, and facilitating $20 billion in annual swap volume by prioritizing safety and ease of use in crypto transactions.
“Our mission has always been to make crypto more accessible, intuitive, and safe for everyone. This latest round of funding allows us to invest further in innovation and ultimately, modernize consumer finance.”
Brandon Millman, CEO of Phantom
This new funding round will enable Phantom to deepen its commitment to driving crypto adoption through strategic partnerships and acquisitions, as well as the development of a cutting-edge consumer finance platform. The wallet also plans to enhance social discovery features and simplify peer-to-peer payments for its 3.8 million users.
Building on its recent success, Phantom has added support for the Sui protocol to enhance unified crypto storage and trading across web3, expanding its original Solana focus to include networks like Ethereum and Coinbase’s layer-2 Base.
