How much has Phantom raised?
Phantom has $277M reported, with latest valuation/status listed as $3B valuation in January 2025 Series C. The important read is not just the headline number but what the money is meant to fund: product depth, enterprise readiness, hiring, and market expansion.
- Total raised
- $277M reported
- Disclosed rounds
- 4 major disclosed/reported events
- Latest round
- Consumer finance expansion
- Latest valuation
- $3B valuation in January 2025 Series C
- First raised
- 2021
- Notable backer
- Phantom used the capital to expand from wallet into broader consumer finance features
Phantom's funding rounds
Phantom's capital history shows how investor appetite has tracked product-market pull and category timing.
- 2021Seed / Series A financingEarly financing backed Phantom's Solana wallet launch.
- January 2022Series B — $109M at $1.2B valuationParadigm led the round with a major crypto-wallet valuation.
- January 2025Series C — $150M at $3B valuationSequoia Capital and Paradigm co-led the round.
- 2025-2026Consumer finance expansionPhantom used the capital to expand from wallet into broader consumer finance features.
Sources:Phantom homepagePhantom about
How much has Phantom raised in total?
Phantom has $277M reported. The profile separates confirmed company announcements from third-party private-market estimates when the company has not disclosed a full cap table or valuation.
Who are Phantom's investors?
The named investors and round leads are captured in the funding timeline above. For undisclosed rounds, use the latest public investor names as directional signals rather than assuming every prior backer participated pro rata.
Why did the valuation move?
The valuation moved with the company's category momentum, scale, and investor demand. Where the latest valuation is undisclosed, the absence of a mark matters: sellers should anchor on operating scale and budget signals rather than a guessed number.
Is Phantom profitable, and will it IPO?
Phantom has not publicly provided enough information to make a profitability call unless noted in the sources. There is no announced IPO date, so IPO timing should be treated as speculative.
What does Phantom's funding mean if you sell into them?
Recent financing usually creates budget for leadership hiring, security, compliance, infrastructure, data, finance systems, recruiting, and enterprise go-to-market. The best outreach angle is tied to the round's stated use of proceeds and the operational bottlenecks created by rapid growth.
As of June 2026.Sources:Phantom homepagePhantom aboutThe Block Phantom Series CGunderson Phantom Series C
Phantom — frequently asked questions
