What is Phantom?
Phantom is an enterprise focused on simplifying and increasing accessibility to cryptocurrency. Founded in January 2021 by a team of engineers, designers, and former founders, the company aims to demystify the complexities of the crypto world for a broader audience. Its mission is to make digital assets more user-friendly and approachable, addressing a key barrier to widespread adoption.
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 Sequoia Capital, a16z crypto, and Paradigm
Key Investors in Phantom
Sequoia Capital
Sequoia Capital is a prominent venture capital firm with a long-standing track record of investing in technology companies globally, known for backing market leaders across various stages of growth.
a16z crypto
a16z crypto is a venture capital fund specializing in investments within the crypto and web3 sectors, supporting innovative startups from early to late stages.
Paradigm
Paradigm is a venture capital firm with a focus on the future of digital assets and blockchain technology, investing in companies that are building the decentralized internet.
What's next for Phantom?
The recent major enterprise-level funding positions Phantom for significant scaling and development. This capital injection is expected to fuel product enhancement, market expansion, and strategic partnerships. The company's focus on simplifying crypto suggests a trajectory towards becoming a key player in the retail and institutional adoption of digital assets, potentially leading to further growth rounds or market consolidation.
See full Phantom company page
