Phantom raises $109M Series B led by Paradigm at a $1.2B valuation and launches its iOS app

Phantom/Phantom wallet

Phantom, then a Solana-only wallet, raised $109M led by Paradigm at a $1.2B valuation and released its iPhone app. It had passed 2 million monthly users within six months of launch.

• Existing backers a16z, Variant, Jump Capital and Solana Ventures joined.
• Total funding reached $118M including a $9M Series A.