Turnkey

Turnkey

Secure multi-chain key management and signing

About Turnkey

Simplify's Rating
Why Turnkey is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise Software

Cybersecurity

Crypto & Web3

Company Size

51-200

Company Stage

Series B

Total Funding

$52.5M

Headquarters

New York City, New York

Founded

2022

Overview

Turnkey provides a secure private key infrastructure for crypto developers. Its core offering is a verifiable key management system that creates and manages wallets and private keys across multiple blockchain networks, and it can sign transactions. It differentiates itself with a verifiable, cross-network key management approach and a developer-friendly API focused on security. Its goal is to help developers and businesses securely manage digital assets while simplifying wallet creation and transaction signing across networks.

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Simplify's Take

What believers are saying

  • $30M Series B from Bain Capital Crypto fuels engineering expansion.
  • Secures millions of wallets across blockchains with HD support.
  • Native EIP-712 parsing accelerates structured data signing.

What critics are saying

  • AWS Nitro zero-day exploit destroys enclave security in 12-24 months.
  • Competitors adopt Azure Confidential VMs, compressing margins in 6-12 months.
  • Coinbase builds rival infrastructure, cutting reference customer in 12-24 months.

What makes Turnkey unique

  • Turnkey uses AWS Nitro Enclaves exclusively for private key isolation.
  • Verifiable Cloud in private beta extends proofs to infrastructure.
  • Policy engine enables multi-user delegated access controls.

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Funding

Total Funding

$52.5M

Meets

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Turnkey
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Professional Development Budget

Conference Attendance Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-4%
Business Wire
Feb 19th, 2026
Turnqey launches TAIP, Qeychain, and Turnqey Institute for cryptoasset portfolio management

Turnqey has launched three integrated products to help financial advisers manage cryptoassets: TAIP, Qeychain and Turnqey Institute. The San Diego-based wealthtech platform aims to modernise how advisers, wealth managers and institutions interact with cryptoassets. TAIP provides portfolio intelligence for cryptoasset allocation, enabling advisers to evaluate exposures using risk-aware frameworks and stress-test scenarios. Qeychain addresses operational challenges by unifying custody, reporting and reconciliation across disconnected platforms, reducing administrative burden. Turnqey Institute offers structured education focused on portfolio behaviour, risk management and regulatory considerations. The company positions the three solutions as addressing historically fragmented aspects of cryptoasset management: portfolio construction, operational infrastructure and adviser education. Turnqey frames competence as a fiduciary obligation for advisers recommending cryptoasset allocations.

FinSMEs
Jun 9th, 2025
Turnkey Raises $30M in Series B Funding

Turnkey, a NYC-based crypto wallet infrastructure company, raised $30M in Series B funding

Fortune
Jun 9th, 2025
Turnkey raises $30M for crypto wallets

Turnkey, a New York-based crypto wallet infrastructure startup, raised $30 million in a Series B round led by Bain Capital Crypto, with participation from Sequoia Capital, Lightspeed Faction, and others. Founded by Coinbase alumni Bryce Ferguson and Jack Kearney, Turnkey offers APIs for creating and managing crypto wallets. The company plans to use the funds to expand its 35-member team, focusing on engineering, and aims for profitability despite not yet being in the black.

CoinDesk
Apr 23rd, 2024
Galaxy, Lightspeed Faction Lead $15M Raise for Turnkey, Crypto Wallet Startup From Former Coinbase Employees

The company from ex-Coinbase employees aims to help developers build better blockchain wallets.

Securities and Exchange Commission
Oct 15th, 2023
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

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