Phantom Achieves $3 Billion Valuation Following $150 Million Funding Round

Phantom, a Solana-focused cryptocurrency wallet with over 15 million monthly users, has reached a $3 billion valuation after raising $150 million in its Series C funding round. The round was co-led by Sequoia Capital and Paradigm, with the participation of A16crypto and Variant. Phantom aims to get mainstream with this fund influx, accelerating crypto adoption for general consumers. Specifically, Phantom plans to ramp up its strategic partnerships and acquisitions to build the necessary infrastructure to achieve this goal. Brandon Millman, CEO and co-founder of Phantom, stated: “Our mission has always been to make crypto more accessible, intuitive, and safe for everyone. This latest round of funding allows us to invest further in innovation and ultimately, modernize consumer finance.”