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


On Monday, the crew behind the Solana Web3 pockets platform Phantom introduced it had raised $109 million in a Collection B fundraise. The crypto firm is now a Unicorn with a put up valuation of $1.2 billion in worth.

Solana Web3 Pockets Phantom Raises $109 Million

The Phantom pockets crew has raised $109 million in a Collection B financing spherical based on the agency’s latest weblog put up. Moreover, Phantom additionally launched the Solana pockets’s iOS model for Apple smartphone customers. In line with the announcement, the $109 Collection B was led by Paradigm. Moreover, Bounce Capital, Solana Ventures, Variant, and Andreessen Horowitz (a16z) participated in Phantom’s newest fundraise.

The funds will likely be devoted to onboarding extra customers and builders on to Web3 and in addition “innovating on the multi-chain pockets person expertise.” Furthermore, the corporate mentioned it plans to scale the crew and particularly rent specialists in group assist and product improvement. The Collection B fundraise follows the Collection A the corporate introduced in mid-July when the Phantom crew raised $9 million and a16z led that specific spherical.

Phantom famous in the course of the announcement that in six months the pockets obtained over 2 million month-to-month lively customers. “Collectively, our customers have staked over 112.4 million SOL ($10.4 billion), swapped $1.37 billion in tokens, and made 55.2M NFT, defi, and app transactions,” Phantom’s Collection B weblog put up particulars.

“Our first step towards this imaginative and prescient is the launch of Phantom throughout cellular platforms, beginning with the discharge of our iOS app to the general public at present,” the crew wrote on Monday. “With an Android launch additionally coming shortly, we couldn’t be extra excited in regards to the potential for cellular to empower a complete new set of customers and use instances for Phantom.”

Out of 12,280 crypto-assets in existence, solana (SOL) has managed to take the seventh largest place when it comes to market capitalization. Yr-to-date, SOL has gained 2,210% however over the past month, its worth has misplaced 42.5% towards the U.S. greenback. Nonetheless, SOL’s $30.8 billion market valuation represents 1.68% of all the $1.83 trillion crypto economic system. Solana has the sixth-largest TVL in defi at present and the second-largest quantity in NFT gross sales.

Tags on this story

A16Z, Andreessen Horowitz, Blockchain Collection, capital, Capital increase, Finance, Fundraise, iOS app, Bounce Capital, Paradigm, Phantom, Phantom pockets, Collection B Fundraise, SOL, Solana, Solana (SOL), Solana Ventures, Variant, VCs, Web3

What do you concentrate on Phantom’s $109 million Collection B fundraise? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising at present.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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