Crypto wallet Phantom has raised investments of $109 million

Phantom plans to become the main gateway to the Web 3.0 world for users

01.02.2022 - 08:30

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What’s new? The developers of the cryptocurrency wallet Phantom reported the successful completion of a Series B funding round, which managed to raise $109 million from major investors including Andreessen Horowitz, Variant Fund, DeFi Alliance, Solana Ventures, and Jump Capital.

We are also excited to announce our $109M Series B led by @paradigm! Thanks to the 2M+ MAU in our community, Phantom has an opportunity to become the mainstream, user-friendly gateway to Web3. https://t.co/J0RyouBIo3— Phantom (@phantom) January 31, 2022

“We are also excited to announce our $109 million Series B led by Paradigm. Thanks to more than 2 million users in our community, Phantom has an opportunity to become the mainstream, user-friendly gateway to Web3.”

What will the funds be used for? The representatives of the cryptocurrency wallet stated that they will continue to work on expanding the company. The staff will be doubled, from 20 to 30 people. The immediate plans include working on mobile versions of the wallet. Following the release of the iOS application on January 31, an Android version is also announced for the first half of 2022.

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