What is TurnKey?
Turnkey provides a robust, modular, and adaptable operating system for cryptocurrency wallets, specifically engineered for developers who require comprehensive control over their infrastructure. Developed by a team with extensive experience, including scaling Coinbase Custody to over $100 billion in assets, Turnkey offers low-level wallet infrastructure primitives. These components can be flexibly combined and configured to suit a wide array of use cases, empowering developers to build sophisticated and secure wallet solutions.
How much funding has TurnKey raised?
TurnKey has raised a total of $57.6M across 3 funding rounds:
Debt
$150K
Series A
$15M
Series B
$30M
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
Key Investors in TurnKey
Bain Capital Crypto
Bain Capital Crypto is a venture capital firm specializing in early-stage infrastructure for the open internet, focusing on concentrated investments and providing support from concept to scale.
Galaxy Ventures
Galaxy Ventures is an investment firm dedicated to empowering clients to overcome challenges and achieve their goals, targeting entrepreneurs and businesses seeking growth and innovation.
Sequoia
Sequoia, founded in 2001, is a technology investment firm with a focus on healthcare, HR & Payroll Outsourcing, and financial care solutions, headquartered in San Mateo, California.
What's next for TurnKey?
With the recent influx of major strategic investment, TurnKey is poised for significant expansion. The company's focus on providing foundational wallet infrastructure primitives, backed by experienced operators and prominent venture capital firms, positions it for leadership in the evolving digital asset ecosystem. This capital will likely fuel further innovation in their modular operating system, enhance security protocols, and expand their market reach to developers seeking advanced wallet solutions.
See full TurnKey company page
