Phantom crypto wallet raises $150M in Series C at $3B valuation

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1.1. Phantom, a popular crypto wallet, has secured a substantial $150 million in Series C funding, propelling its valuation to an impressive $3 billion.

Phantom, a popular crypto wallet, has secured a substantial $150 million in Series C funding, propelling its valuation to an impressive $3 billion. This latest funding round was led by Paradigm, a prominent venture capital firm specializing in crypto investments, with participation from other notable investors such as Variant, Jump Crypto, and Solana Ventures.

Phantom's success can be attributed to its user-friendly interface, which simplifies the process of managing digital assets for both experienced crypto enthusiasts and newcomers alike. The wallet supports a wide range of cryptocurrencies, including Solana, Ethereum, and Bitcoin, and offers features such as staking, swapping, and NFT management.

The funding will enable Phantom to expand its team, enhance its product offerings, and explore new opportunities in the rapidly evolving crypto landscape. The company plans to invest in research and development, with a focus on improving the security and scalability of its platform.

Phantom's Series C funding is a testament to the growing adoption of cryptocurrencies and the increasing demand for user-friendly and secure crypto wallets. As the crypto market continues to mature, Phantom is well-positioned to capitalize on this growth and establish itself as a leading player in the industry.

March 8, 2023