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Phantom Wallet Secures $150M in Funding, Hits $3B Valuation
In a major breakthrough, Phantom, a leading crypto wallet provider, has successfully secured $150 million in funding. This impressive feat has catapulted the company to an astonishing valuation of $3 billion. The funding round was led by renowned venture capital firms Sequoia Capital and Paradigm, with significant support from Andreessen Horowitz and Variant.
As CEO Brandon Millman proudly highlighted, Phantom’s mission remains unwaveringly focused on making crypto accessible and safe for all users. It is this commitment that has driven the company to unprecedented heights, boasting an impressive 15 million active users. This remarkable growth has been accompanied by significant milestones, with Phantom handling over $20 billion in annual swaps.
Notably, Phantom’s revenue surged dramatically in late 2024, leaving competitors like Coinbase Wallet and MetaMask lagging behind. The newfound capital will be instrumental in fueling the development of innovative features such as social discovery and simplified peer-to-peer payments.
Phantom’s ambition is clear: to revolutionize consumer finance with its cutting-edge solutions.
Source: coinpedia.org
