How Much Did Phantom Raise? Headquarters, Funding & Key Investors

Phantom, a San Francisco-based non-custodial crypto wallet founded in 2021, has raised a total of $277 million in funding, including a $150 million Series C round in January 2025 at a $3 billion valuation, co-led by Sequoia Capital and Paradigm. Earlier rounds include a $109 million Series B (January 2022), led by Paradigm, and a $9 million Series A (July 2021), led by Andreessen Horowitz. Phantom’s wallet supports multi-chain assets, NFT management, token staking, and swapping, all with strong user growth and security features.

How Much Did Phantom Raise? Funding & Key Investors

Founded in 2021 by Brandon Millman, Chris Kalani, and Francesco Agosti, Phantom is headquartered in San Francisco, California. With a team of 56 employees (as of December 2023), the company offers a self-custodial, multi-chain cryptocurrency wallet enabling users to stake, swap, and store NFTs with privacy and security. Features like Ledger integration, scam detection, and anonymous onboarding enhance user control. Supporting networks like Solana, Ethereum, Polygon, and Bitcoin, Phantom simplifies decentralized finance through a seamless, user-first wallet experience.

What Is Phantom and What Does It Do?

Phantom, founded in 2021 by Brandon Millman, Chris Kalani, and Francesco Agosti, is headquartered in San Francisco, California.

With a team of 56 employees (as of December 2023), the company offers a self-custodial cryptocurrency wallet with multi-chain support. Users can manage tokens, stake, swap, store NFTs (including pin/hide/burn/list functions), and enjoy advanced security features like Ledger integration and scam-detection, all without needing name, email, or phone number.

How Much Funding Has Phantom Raised?

*Series C*
- Amount Raised: $150 million
- Date: January 2025
- Lead Investors: Sequoia Capital, Paradigm
- Motivation: To accelerate product expansion and build out next-generation consumer finance features.\
*Series B*
- Amount Raised: $109 million
- Date: January 2022
- Lead Investors: Paradigm, Andreessen Horowitz, Jump Capital, Solana Ventures
- Motivation: To scale multi-chain wallet features and increase user adoption.\
*Series A*
- Amount Raised: $9 million
- Date: July 2021
- Lead Investors: Andreessen Horowitz
- Motivation: To launch and develop Phantom’s core wallet platform.\

Total Funding Raised: $277 Million
Current Valuation: $3 Billion (as of January 2025)
Latest Funding Date: January 2025

Key Investors

*Sequoia Capital*
- Details: Leading venture capital firm investing in top-tier technology companies.
- Investment Focus Areas: Technology, consumer, fintech.
- Notable Investments: Apple, Google, WhatsApp.\
*Paradigm*
- Details: Venture firm focused on blockchain and crypto infrastructure.
- Investment Focus Areas: Cryptocurrency, decentralized technology.
- Notable Investments: Coinbase, Uniswap.\
*Andreessen Horowitz (a16z)*
- Details: Prominent technology VC with a dedicated crypto fund.
- Investment Focus Areas: Software, internet, and cryptocurrency.
- Notable Investments: Facebook, Airbnb, Lyft.

Where Is Phantom’s Headquarters?

Phantom is headquartered in San Francisco, California, giving it a strategic position within the global fintech and crypto ecosystem, with access to blockchain developers, investors, and early-stage innovation hubs.

What’s Next for Phantom?

Phantom is expanding its feature set to include social discovery tools, peer-to-peer payments, and enhanced non-custodial services across NFTs and tokens. With over 15 million monthly active users and integration with multiple blockchains, including Solana, Ethereum, Polygon, and Bitcoin, the company is well-positioned to become a major consumer crypto finance platform.

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