Phantom

Phantom

Multi-chain crypto wallet with NFT trading

About Phantom

Simplify's Rating
Why Phantom is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Fintech

Cybersecurity

Crypto & Web3

Company Size

201-500

Company Stage

Series C

Total Funding

$268.5M

Headquarters

San Francisco, California

Founded

2021

Overview

Phantom.app is a multi-chain cryptocurrency wallet that lets users manage assets across different blockchains in one place, so you don’t need multiple wallets. It stores, swaps, and lets you earn from tokens (staking and rewards) and supports fast, low-cost token exchanges. A standout feature is integration with major NFT marketplaces, enabling users to display, track, sell NFTs in two clicks, and manage NFT collections (pin, hide, burn, list). It is self-custodial, meaning users keep full control of their funds and the company cannot access them; it also offers scam-detection that flags suspicious transactions and supports Ledger for extra security. Revenue isn’t explicitly stated, but wallets typically earn from transaction fees or premium features. The goal is to provide a secure, easy-to-use platform that helps both seasoned investors and beginners manage, trade, and earn from crypto without juggling multiple apps.

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Simplify's Take

What believers are saying

  • Raised $150M Series C at $3B valuation from Sequoia, Paradigm, a16z in 2025.
  • Grew to 15M monthly users with $20B annual swap volume and $25B self-custody assets.
  • Sui support exited beta May 12, 2025, boosting access to $1.6B TVL ecosystem.

What critics are saying

  • Solana outage erodes Phantom's 15M user base and $20B swap revenue within 12 months.
  • U.S. regulators enforce AML/KYC on self-custodial wallets, restricting features in 12 months.
  • MetaMask achieves multi-chain parity, capturing Phantom's users via Coinbase distribution in 18 months.

What makes Phantom unique

  • Phantom supports Monad, HyperEVM, Sui alongside Solana and Ethereum for seamless multi-chain access.
  • Acquired SimpleHash for real-time token data and Solsniper for AI memecoin trading on Solana.
  • Self-custodial wallet integrates Ledger, scam detection, and one-click NFT listing on marketplaces.

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Funding

Total Funding

$268.5M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$150M
Phantom

Benefits

Competitive salary and equity.

Comprehensive insurance (medical/dental/vision) — 100% covered.

Stipend for your ideal remote / WFH set-up: laptop, headphones, and any other work gear you may need.

Flexible hours and a long-standing, supportive remote environment.

Monthly co-working space and mobile phone expense.

Unlimited vacation: Take time when you need it (and we really mean it).

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

5%
Mitrade
Aug 5th, 2025
Phantom has acquired Solsniper, a leading Solana-based AI memecoin trading tool

Phantom has acquired Solsniper, a leading Solana-based AI meme coin trading tool.

Dialect
Jul 1st, 2025
Dialect + Phantom Shortcuts

That's why Dialect is excited to partner with Phantom on their newest feature, Shortcuts.

CoinMarketCap
May 10th, 2025
Phantom Wallet Raises $150M, Hits $3B Valuation

Phantom Wallet has raised $150 million in Series C funding, reaching a $3 billion valuation. This investment highlights growing interest in blockchain infrastructure and user-centric platforms. Key investors include Andreessen Horowitz, Spark Capital, and Union Square Ventures. The funding is expected to enhance Phantom's capabilities and influence blockchain adoption. Analysts see this as a sign of potential regulatory easing and broader acceptance of blockchain solutions.

Decrypt
Apr 11th, 2025
New 'Black Mirror' Episode Focuses On Pump.Fun-Like Livestream Stunts

Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENEA desperate man commits an act of self-inflicted violence on a livestreaming site in the hopes of collecting a windfall of digital money from strangers. Sound familiar?No, we’re not talking about outrageous exploits related to meme coin trading sensation Pump.fun. Or well, not explicitly. We’re outlining the plot of an episode in the latest season of “Black Mirror.”The first installment of the hit Netflix sci-fi series’ latest season, which debuted Thursday, centers on a plot that appears ripped from true stories about the viral Solana meme coin generator.No way the first episode of Black Mirror is literally about pump fun pic.twitter.com/C5otCkSRS7 — Creep (@CreepahX) April 10, 2025The episode, titled “Common People,” weaves the tale of a cash-strapped husband who—in the aim of paying his wife’s mounting medical bills—begins livestreaming himself performing increasingly extreme acts of self-harm in return for greater sums of digital cash sent by anonymous viewers.The plot sounds an awful lot like similar incidents that have occurred in relation to Pump.fun tokens over the last year. Last summer, for instance, a budding meme coin entrepreneur set his entire body on fire in the hopes of sending his own meme coin soaring

KMBBB56
Mar 18th, 2025
How to Backup and Restore Your Phantom Wallet

Losing access to your Phantom Wallet can occur due to device failure, accidental deletion, or a security breach.

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