Phantom raises $150M at a $3B valuation, co-led by Sequoia Capital and Paradigm

Phantom

Phantom raised a $150M Series C at a $3B valuation, co-led by Sequoia Capital and Paradigm with a16z and Variant joining. It reported 15 million monthly users and about $25B of assets held in its self-custody wallets, and said it wants to become a consumer finance platform.

• Valuation up 150% from the $1.2B Series B in 2022.
• 15M monthly active users; about $25B in self-custody assets.
• Phantom ranked 9th among free iPhone apps in Nov 2024.