Crypto wallet

What is Phantom?

Consumer crypto wallet for trading, tokens, and onchain apps

Category
Crypto wallet
Headquarters
San Francisco, California
Founded
2021
Employees
100+ employees
Total funding
$277M reported
Valuation or Status
$3B valuation in January 2025 Series C

What is Phantom?

Phantom is consumer crypto wallet for trading, tokens, and onchain apps.

Phantom is consumer crypto wallet for trading, tokens, and onchain apps, operating in crypto wallet. Phantom is a self-custodial wallet that started in Solana and expanded into a multi-chain consumer finance app for crypto trading, NFTs, predictions, and decentralized applications. Its official about page says the team has 100+ web3 natives and lists a $3B valuation; interviews reported 15M+ monthly active users and $25B in self-custody assets.

As of June 2026, the company is best understood as a private growth company with 100+ employees, $277M reported, and $3B valuation in January 2025 Series C. For sellers, the useful signal is where the company is concentrating spend: product velocity, compliance, data, infrastructure, customer success, and go-to-market systems that support its next stage.

What does Phantom offer?

Phantom offers Self-custody wallet, Token swaps, NFT support, Multi-chain support, and related products for its market.

  • Self-custody wallet· Wallet
  • Token swaps· Trading
  • NFT support· Collectibles
  • Multi-chain support· Infrastructure
  • Prediction markets· Consumer finance
  • Developer ecosystem· Web3

How does Phantom make money?

Phantom makes money when users trade, swap, bridge, buy, or otherwise transact through wallet-integrated services.

Phantom makes money when users trade, swap, bridge, buy, or otherwise transact through wallet-integrated services. Growth depends on active wallets, chain coverage, consumer trust, transaction volume, app-store distribution, and security reputation. The wallet is free to download; monetization comes from swap fees, on-ramp/off-ramp economics, partner integrations, and transaction-related revenue rather than a subscription.

Because Phantom is private, public revenue and margin disclosure is limited unless noted in recent reporting. The practical budget signal is the company's current operating motion: hiring, new product launches, customer expansion, and financing that funds engineering, security, data, compliance, and sales capacity.

Who leads Phantom?

Phantom's leadership centers on Brandon Millman and Francesco Agosti.

  • Brandon MillmanCo-founder and CEOCo-founder since 2021Wallet and crypto engineering leader.
  • Francesco AgostiCo-founder and CTOCo-founder since 2021Leads technology for Phantom.
  • Chris KalaniCo-founder and CPOCo-founder since 2021Product leader for wallet user experience.
  • Donnie DinchVP of StrategyCurrent executiveStrategy leader listed on Phantom's about page.

How do you contact Phantom's leadership?

Phantom does not publish personal executive emails; use support, developer, and company contact paths.

How much funding has Phantom raised?

Phantom has $277M reported; latest valuation/status: $3B valuation in January 2025 Series C.

Phantom has $277M reported; latest valuation/status: $3B valuation in January 2025 Series C. 2021: Seed / Series A financing. Early financing backed Phantom's Solana wallet launch. January 2022: Series B — $109M at $1.2B valuation. Paradigm led the round with a major crypto-wallet valuation. January 2025: Series C — $150M at $3B valuation. Sequoia Capital and Paradigm co-led the round. 2025-2026: Consumer finance expansion. Phantom used the capital to expand from wallet into broader consumer finance features.

Where a round amount or valuation has not been publicly disclosed, this profile says so rather than filling the gap. The seller signal is whether the latest financing created budget for hiring, infrastructure, compliance, enterprise sales, or geographic expansion.

How did Phantom get here?

Phantom's milestones show its path from founding to its current crypto wallet position.

  1. 2021Phantom foundedThe company launched as a Solana-first wallet.
  2. 2022Series B unicorn roundPhantom raised $109M at a $1.2B valuation.
  3. 2023-2024Multi-chain expansionThe wallet expanded beyond Solana into additional chains and assets.
  4. January 2025Series C at $3BPhantom raised $150M co-led by Sequoia and Paradigm.
  5. 202515M+ MAU interviewsFounder interviews described more than 15M monthly active users.
  6. 2026Money app positioningPhantom's homepage positioned the wallet as a home for trading, predictions, and more.

Who are Phantom's competitors?

Phantom competes with category specialists and broader platforms serving the same buyer or user workflow.

  • MetaMaskEthereum-origin wallet with broad EVM ecosystem distribution.
  • Coinbase WalletSelf-custody wallet tied to Coinbase's consumer crypto brand.
  • Trust WalletMulti-chain wallet with Binance ecosystem heritage.
  • BackpackCrypto wallet and exchange ecosystem with Solana roots.
  • RainbowConsumer Ethereum wallet focused on design and NFTs.
  • ExodusMulti-asset wallet and public crypto software company.

Phantom — frequently asked questions

Agent CTA Background

Revenue work. On autopilot.

Start Free TrialBuilt for revenue teams who care about quality.