What is TurnKey?
TurnKey provides a powerful, modular, and adaptable operating system for wallets, specifically engineered for developers who require comprehensive control over their applications. Developed by a team with a proven track record, including scaling Coinbase Custody to over $100 billion in assets, TurnKey offers low-level wallet infrastructure primitives. These components can be flexibly mixed, matched, and configured to suit a wide array of use cases, empowering developers to build sophisticated and customized wallet solutions.
How much funding has TurnKey raised?
TurnKey has raised a total of $57.6M across 4 funding rounds:
Debt
$150K
Series A
$15M
Series B
$30M
Other Financing Round
$12.5M
Debt (2020): $150K with participation from PPP
Series A (2024): $15M led by Galaxy Ventures and Sequoia
Series B (2025): $30M supported by Galaxy Ventures, Bain Capital Crypto, and The Faction
Other Financing Round (2026): $12.5M featuring Sequoia Capital, Variant, Galaxy, Bain Capital Crypto, and Circle
Key Investors in TurnKey
Sequoia Capital
Sequoia Capital is a prominent venture capital firm known for its long-term investment approach and active partnership with entrepreneurs. They invest across venture, growth, and late-stage opportunities, with a global track record of backing market leaders.
Galaxy
Galaxy is a leader in the digital asset and blockchain space, bridging financial sophistication with technological expertise to connect institutions with web3 innovations.
Bain Capital Crypto
Bain Capital Crypto invests in next-generation open internet infrastructure, providing concentrated support to teams from idea stage to scaling, focusing on innovative crypto solutions.
What's next for TurnKey?
The substantial enterprise-level funding TurnKey has attracted indicates a strategic pivot towards scaling its operations and expanding its market reach. With a focus on providing robust, low-level wallet infrastructure, the company is well-positioned to capitalize on the growing demand for secure and customizable digital asset management solutions. Future developments are likely to involve enhancing its modular primitives, forging new strategic partnerships, and further solidifying its position as a key enabler for developers in the blockchain and cryptocurrency space.
See full TurnKey company page
