Turnkey Raises $30M in Series B Funding for Crypto Wallet Infrastructure
Summary:
- Turnkey, a NYC-based company specializing in crypto wallet infrastructure, has secured $30 million in Series B funding.
- The funding round was led by Bain Capital Crypto, with participation from other prominent investors such as Sequoia Capital and Lightspeed Faction.
- Turnkey plans to use the funds to expand its team and global presence, offering secure and scalable crypto infrastructure for fintech and crypto companies.
Article:
Turnkey, a New York City-based company specializing in crypto wallet infrastructure, has successfully raised $30 million in Series B funding. The funding round was led by Bain Capital Crypto, with additional support from investors including Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant.
The company, under the leadership of CEO Bryce Ferguson, plans to utilize the funds to expand its team in various departments such as engineering, product development, marketing, sales, and operations. This expansion will support Turnkey’s goal of enhancing its global presence and providing secure, scalable, and programmable crypto infrastructure for embedded wallets and on-chain transaction automation.
Turnkey’s services are utilized by a range of fintech and crypto companies, with notable customers including Bridge (a subsidiary of Stripe), Magic Eden, World, Alchemy, Polymarket, and more. With this recent Series B funding, Turnkey has raised a total of over $50 million to date, solidifying its position as a key player in the crypto wallet infrastructure sector.
For more information, visit Turnkey.
FinSMEs
09/06/2025
