About Phantom
Phantom is a company based in San Francisco (United States) founded in 2021 by Chris Kalani, Francesco Agosti, and Brandon Millman. It operates as a FinTech. Phantom has raised $277 million across 4 funding rounds from investors including Sequoia Capital, Paradigm and Variant Fund. Phantom has completed 2 acquisitions, including SimpleHash and Sniper Labs. Phantom offers products and services including Phantom Wallet and NFT Tools. Phantom operates in a competitive market with competitors including imToken, Bitget, Rainbow, Ripio and Ultimate, among others.
- Headquarter San Francisco, United States
- Founders Chris Kalani, Francesco Agosti, Brandon Millman
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$277 M (USD)
in 4 rounds
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Latest Funding Round
$150 M (USD), Series C
Jan 17, 2025
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Investors
Sequoia Capital
& 7 more
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Employee Count
Employee Count
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Investments & Acquisitions
SimpleHash
& 1 more
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Products & Services of Phantom
Phantom offers a comprehensive portfolio of products and services, including Phantom Wallet and NFT Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A wallet for managing multiple cryptocurrency chains seamlessly.
Tools for managing NFTs with various functionalities provided.
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Funding Insights of Phantom
Phantom has successfully raised a total of $277M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $150 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $150.0M
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First Round
First Round
(28 May 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - Phantom | Valuation | Sequoia Capital , Paradigm | |
| Jan, 2022 | Amount | Series B - Phantom | Valuation | Paradigm | |
| Jul, 2021 | Amount | Series A - Phantom | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Phantom
Phantom has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Sequoia Capital, Paradigm and Variant Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward crypto-assets and Web3 businesses.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Phantom
Phantom has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include SimpleHash and Sniper Labs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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NFT marketplace platform for real-time trading is operated.
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2021 | ||||
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NFT infrastructure and querying are facilitated through an online platform.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Phantom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phantom Comparisons
Competitors of Phantom
Phantom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as imToken, Bitget, Rainbow, Ripio and Ultimate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital asset wallet for cryptocurrency exchange
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| domain | founded_year | HQ Location |
Provider of a community-based cryptocurrency and digital asset exchange
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| domain | founded_year | HQ Location |
Rainbow is recognized for providing secure crypto wallets.
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| domain | founded_year | HQ Location |
Online reseller of Bitcoins
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| domain | founded_year | HQ Location |
Crypto wallet platform for decentralized finance navigation is offered.
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoins
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phantom
Frequently Asked Questions about Phantom
When was Phantom founded?
Phantom was founded in 2021.
Where is Phantom located?
Phantom is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Phantom?
Brandon Millman is the current CEO of Phantom. They have also founded this company.
Is Phantom a funded company?
Phantom is a funded company, having raised a total of $277M across 4 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on May 28, 2021.
What does Phantom do?
Phantom is recognized as a provider of crypto wallet solutions and web3 tools. Services are offered across multiple cryptocurrency chains, enabling seamless access to NFT marketplaces. Tools for managing NFTs, swapping tokens, and staking are provided. Security is emphasized with self-custodial features and scam detection. Support is made available globally on a 247 basis to assist users.
Who are the top competitors of Phantom?
What products or services does Phantom offer?
Phantom offers Phantom Wallet and NFT Tools.
How many acquisitions has Phantom made?
Phantom has made 2 acquisitions, including SimpleHash, and Sniper Labs.
Who are Phantom's investors?
Phantom has 8 investors. Key investors include Sequoia Capital, Paradigm, Variant Fund, a16z crypto, and Andreessen Horowitz.
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