What is Phantom?
Phantom is a technology company founded with the ambition to make crypto simple and more accessible for everyone. Emerging from a group of engineers, designers, and former founders in January 2021, the company is positioned within the rapidly evolving digital asset space. Its core objective is to bridge the gap between complex blockchain technology and the everyday user, aiming to foster broader adoption of cryptocurrencies and decentralized applications.
How much funding has Phantom raised?
Phantom has raised a total of $150M across 1 funding round:
Series C
$150M
Series C (2025): $150M with participation from Paradigm, a16z crypto, and Sequoia Capital
Key Investors in Phantom
Paradigm
Paradigm is a specialty care management organization focused on improving the lives of individuals with complex injuries and diagnoses. The company is recognized as a pioneer in value-based care, delivering strong outcomes for patients, payers, and providers within the workers compensation and broader healthcare markets. It addresses complex and high-cost areas of care through risk-based clinical solutions, case management, specialty networks, home health services, shared decision support, and payment integrity programs. Paradigm is known for delivering measurable cost efficiencies while enhancing outcomes across the full continuum of care.
a16z crypto
a16z crypto is a venture capital fund that invests in crypto and web3 startups across all stages, having been active since 2013. The company aims to support bold entrepreneurs who are building the next generation of the internet. Their portfolio includes a variety of projects focused on innovative technologies and trends in the crypto space. a16z crypto also provides resources and insights through content, research, and podcasts to engage with the evolving landscape of digital assets.
Sequoia Capital
Sequoia Capital in India currently manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs, business families and management teams. Over the past 7 years, Sequoia Capital has invested in more than 70 companies in India including Capillary Technologies, Druva Software, Justdial, Micromax, Mu Sigma, Pine Labs, Prizm Payments, Quick Heal and Zomato. Sequoia Capital operates out of offices in Bangalore, Mumbai, and New Delhi. Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Apple, Cisco, Dropbox, Google, LinkedIn, Oracle, Yahoo, YouTube and Zappos. Sequoia Capital maintains dedicated teams in USA, China, India and Israel.
What's next for Phantom?
The recent major strategic investment, classified as a Series C round, signals Phantom's transition into a scaling phase. This substantial capital infusion is expected to fuel aggressive expansion, further product development, and market penetration. The company is likely to leverage this backing to enhance its platform's user experience, introduce new features, and potentially explore strategic partnerships to solidify its market position in the competitive crypto landscape.
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