Phantom Wallet has successfully raised $150 million in a Series C funding round, securing a $3 billion valuation.
The round was led by prominent venture capital firms such as Sequoia Capital and Paradigm. Further contributions came from such investors as a16z and Variant.
Phantom Wallet now supports 15 million monthly active users and handles $25 billion in self-custody assets, joining the ranks among today's leading companies in digital asset management.
Over the past months, Phantom Wallet has seen a rise in popularity. Back in November, it reached ninth place among free iPhone apps. It once briefly held the second position on Apple's App Store Utilities section on Nov 20 as the capitalization of cryptocurrency markets was reaching $4 trillion.
The wallet has also scaled up its blockchain support, adding the Sui blockchain on December 6 to become the fourth blockchain supported by Phantom, alongside Bitcoin, Ethereum, and Solana networks.
The funding round is one of the largest in the crypto sector so far in 2025, beating Sygnum Bank's $58 million strategic growth round.