July 14, 2021 @ 6:54 pm By Priyanka Pani
Phantom, a multi-chain crypto wallet, has raised $9 million in Series A funding led by Andreessen Horowitz (A16z). Variant Fund, Jump Capital, DeFi Alliance, and Solana Foundation also participated in the round along with Garry Tan, an early Coinbase investor and other angel investors from Compound, dYdX, Audius, Lolli, and Ethereum Foundation.
Phantom plans to use the funds to build its team, develop new platform features, and expand to other blockchains.
Founded by
Francesco Agosti, Phantom is a wallet that simplifies crypto trading for the next billion users.
With a collective experience of nine years building products for 0x, Matcha, Twitter, and Facebook previously, Phantom has seen extensive growth since its beta launch in April 2021. It has added 40,000 users, 70,000 sign-ups and secured $500K in grants from Serum and Solana during its beta for its US user base.