Phantom Technologies, Inc.

Founded in 2021 and based in San Francisco, CA, Phantom Technologies, Inc. specializes in innovative self-custodial cryptocurrency wallet solutions, enabling users to manage their digital assets securely and privately across multiple platforms. Co-founded by Brandon Millman, Chris Kalani, and Francesco Agosti, Phantom Technologies, Inc. has raised a total of USD 268.

5 million across 4 rounds of funding. In January 2025, Phantom Technologies, Inc. raised USD 150 million in Series C funding, valuing the company at USD 2. 81 billion post-money.

Phantom Technologies, Inc, also known under the name Phantom, focuses on providing a self-custodial crypto wallet that empowers users with control over their funds without sharing personal information. The company offers a comprehensive crypto wallet that operates across multiple platforms, including Chrome and other browsers. This wallet provides a self-custodial solution for users, allowing them to manage a variety of digital assets, including cryptocurrencies and NFTs, without the need for personal data. Key features include seamless access to NFT marketplaces, transaction history tracking, and tools for staking, swapping, and NFT sales.

Phantom targets a global audience, particularly in North America and Europe, where interest in decentralized finance and NFTs is growing. Phantom generates revenue primarily through transaction fees from token swaps and NFT sales within its platform. Users execute these transactions directly at low fees, contributing to the company's revenue. The platform is aimed at direct-to-consumer interactions, allowing individual users to utilize Phantom's services for their cryptocurrency activities.

While specific pricing for unique services is not disclosed, the business model is focused on high transaction volumes to support its revenue streams, catering to over 15 million users worldwide. Phantom Technologies, Inc. plans to leverage the USD 150 million raised in Series C funding to enhance its platform and accelerate crypto capabilities. The company is focused on developing new products and expanding its reach into new markets, particularly targeting emerging cryptocurrency regions.

This funding round, finalized in January 2025, will support these strategic initiatives, reinforcing Phantom's commitment to innovation in the crypto wallet space.