What is TurnKey?
TurnKey operates at the intersection of high-performance computing and blockchain security. The company provides a modular, adaptable operating system designed specifically for developers who require granular control over wallet infrastructure. Founded by the engineering team responsible for scaling Coinbase Custody to over $100 billion in assets, TurnKey offers a suite of primitives that allow for the seamless configuration of transaction automation and security protocols. Its market position is defined by its ability to bridge the gap between institutional-grade security and the flexibility required by modern decentralized applications, effectively serving as the backbone for enterprises navigating the complexities of digital asset management.
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 Bain Capital Crypto, Galaxy Ventures, and The Faction
Other Financing Round (2026): $12.5M featuring Circle, Bain Capital Crypto, Sequoia Capital, Variant, and Galaxy
Key Investors in TurnKey
Bain Capital Crypto
A venture firm focused on the next generation of open internet infrastructure, supporting teams from initial concept through to large-scale deployment.
Sequoia Capital
A premier global venture capital firm with a long-standing history of partnering with entrepreneurs to build market-leading technology companies.
Galaxy
A digital asset and blockchain leader that bridges the gap between institutional financial sophistication and innovative Web3 technological expertise.
What's next for TurnKey?
With this latest strategic financing, TurnKey is well-positioned to accelerate its product roadmap and expand its footprint within the enterprise sector. The company is expected to focus on enhancing its transaction automation capabilities and deepening its integration with global financial networks. As the industry shifts toward more sophisticated, programmable money, TurnKey's modular architecture provides a distinct competitive advantage, allowing it to capture market share by offering developers the tools to build secure, compliant, and highly scalable wallet solutions. Future growth will likely center on strategic partnerships that leverage its infrastructure to bridge traditional finance with the burgeoning digital asset economy.
See full TurnKey company page
