Solana's Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status – Finance Bitcoin News

By  (contrib. Fatstack)
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On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise.

The Phantom wallet team has raised $109 million in a Series B financing round according to the firm’s recent blog post. Furthermore, Phantom also launched the Solana wallet’s iOS version for Apple smartphone users. According to the announcement, the $109 Series B was led by Paradigm. Additionally, Jump Capital, Solana Ventures, Variant, and Andreessen Horowitz (a16z) participated in Phantom’s latest fundraise.

The funds will be dedicated to onboarding more users and developers on to Web3 and also “innovating on the multi-chain wallet user experience.” Moreover, the company said it plans to scale the team and specifically hire specialists in community support and product development. The Series B fundraise follows the Series A the company announced in mid-July when the Phantom team raised $9 million and a16z led that particular round.

Phantom noted during the announcement that in six months the wallet obtained over 2 million monthly active users. “ . . .