Turnkey, a US-based crypto wallet infrastructure provider headquartered in California, has secured $30 million in Series B funding to support growth and open-source development. The funding round was led by Bain Capital Crypto and included support from key industry investors.
Crypto wallet infrastructure provider Turnkey has raised $30 million in a Series B funding round to support its continued growth and product innovation. The round was led by Bain Capital Crypto and included participation from Galaxy Ventures, Sequoia Capital, Lightspeed Faction, Wintermute Ventures, and Variant.
Founded in 2022 and based in California, Turnkey develops infrastructure that enables developers to seamlessly integrate crypto wallets into their applications. The company’s open-source SDKs allow customers to automate on-chain transactions while maintaining high security standards.
With this latest round, Turnkey’s total funding now exceeds $50 million, building on its $15 million Series A completed in April 2024. The capital infusion will be used to expand the company’s engineering, product, marketing, sales, and operations teams. Additionally, Turnkey aims to continue enhancing its technology stack by open-sourcing more components of its operating system.
Turnkey’s growing client base includes notable names such as Bridge, Magic Eden, World, Alchemy, and Polymarket, all utilizing its wallet infrastructure to streamline blockchain interactions.
The company’s focus on usability and security reflects its mission to make crypto wallets accessible to a broader audience, aiming to match the simplicity and reliability of mainstream payment platforms.
Turnkey’s Series B round marks a significant step in its mission to transform how developers and users engage with blockchain-powered applications.
