Startup profile for Phantom: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Phantom funding, valuation and investors

Crypto wallet for Solana, Ethereum, and multichain DeFi and NFTs.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series C

$150M · January 2025

Latest known valuation

$3B

Series C · January 2025

Total disclosed equity funding

$159M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · San Francisco, California, USA

Investors in latest funding

Lead: Sequoia

Other: Andreessen Horowitz

Sources: latest funding Last verified: 2026-07-25

Overview

Phantom is a self-custody crypto wallet browser extension and mobile app for Solana, Ethereum, Polygon, and Bitcoin. Users swap tokens, collect NFTs, and connect to DeFi dapps. Founded by Brandon Milbrandt and Christian Jerian, Phantom became dominant on Solana before expanding multichain. a16z led Series A (Jul 2021); Paradigm led Series B ($109M, Jan 2022); Sequoia and Paradigm co-led Series C ($150M, Jan 2025) at $3B.

Why Phantom is interesting

Default Solana wallet became multichain — a16z led Series A ($9M, 2021); $150M Series C (2025) at $3B with Sequoia and Paradigm as crypto UX consolidates.

Product & use cases

Phantom wallet stores keys locally, connects to dapps, supports in-wallet swaps, staking, and NFT galleries with phishing protection features.

  • Self-custody Solana and Ethereum assets
  • DeFi protocol interaction via wallet connect
  • NFT viewing and trading
  • In-app token swaps and staking

Key facts

  • Series C (Jan 2025): $150M at $3B — Phantom blog
  • Series A (Jul 2021): $9M led by a16z
  • Dominant Solana wallet expanded multichain

Funding history (newest first)

Series C

2025-01 $150M Valuation: $3B

Source: https://phantom.com/learn/blog/phantom-series-c

Series A

2021-07 $9M

Source: https://phantom.com/learn/blog/phantom-series-a

Investors in our directory

Funds linked from Phantom's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Sequoia Capital

Competitive landscape

Edge: Solana-first UX won default wallet status before MetaMask expanded multichain; strong security brand in Solana ecosystem.

Wallet layer captures distribution for swaps and dapp traffic — monetization via interchange/partnerships. Phantom must retain users as chains and L2s multiply.

  • MetaMask direct

    Dominant EVM wallet; Phantom competes on multichain UX.

  • Coinbase Wallet direct

    CEX-affiliated self-custody wallet.

  • Backpack direct

    Solana-native wallet competitor.

Notable stories

  • Phantom grew from Solana-only wallet during 2021 NFT boom to multichain as users demanded single app for all holdings.

Industries

Crypto & Web3 Fintech Consumer

FAQs about Phantom

Practical answers founders, operators, and investors typically search for.

Phantom is a self-custody crypto wallet for Solana, Ethereum, and other chains — browser extension and mobile app.
a16z (/fund/andreessen-horowitz) led Series A. Sequoia (/fund/sequoia) co-led Series C at $3B (2025).
MetaMask is EVM-default; Phantom started Solana-native with cleaner UX before adding Ethereum support.
Self-custody means users control keys; phishing risks exist — use official phantom.app downloads only.
January 2025 — $150M at $3B valuation per Phantom blog.
Phantom added Bitcoin support in multichain expansion — check phantom.app for current chains.
Brandon Milbrandt and Christian Jerian co-founded Phantom.
Swap fees, partnerships, and potential premium features — specifics on phantom.app.
Yes — iOS and Android apps plus browser extensions.
Over $250M across Series A, B ($109M), and C ($150M) per public announcements.
Website All startups Funding news

By Venture Capital Tracker

Last updated:

Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.