Phantom Raises $109 Million at $1.2 Billion Valuation

Phantom is a crypto start-up, premier wallet app for the Solana ecosystem. The platform helps users to easily buy, send, receive, swap, store tokens, and collect NFTs on the Solana blockchain. Phantom aims to build infrastructure for streamlining blockchain-based applications.

The funding round was led by Paradigm. Information about other investors is not disclosed. This round helps Phantom to reach the unicorn status right after the previous Series A round six months ago when the company raised $9 million.

Phantom, San Francisco-based, was founded by Brandon Millman, Chris Kalani, and Francesco Agosti in 2021. As of now, the company’s client base has more than 2 million users, in comparison with 40 000 half a year ago. Moreover, 100 000 users are onboarding per week. Phantom plans to add another blockchain except for Solana to the wallet. The company also is going to increase the team from the existing 20 employees. “As the party that’s closest to the end-user, we definitely have a responsibility to protect and educate users. A lot of the work that we’ve spent in the past couple of months has been around user safety-related features.” CEO Brandon Millman tells.

Previous Post

Fireblocks Raises $550 Million at $8 Billion Valuation

Next Post

Chargebee Raises $250 Million at $3.5 Billion Valuation

Related Posts