Turnkey: New Horizons with $15 million from Series A Round
Date: 2024-04-24 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Turnkey, a leading crypto wallet infrastructure provider, announced the completion of a $15 million Series A round. This key funding round was led by prominent investors such as Lightspeed Faction and Galaxy Ventures, confirming significant interest in the growth of the cryptocurrency sector.
Growth and Evolution: Turnkey Challenges
The founders of the project are the same developers who were behind the creation of the popular crypto-custodial service Coinbase Custody. Turnkey's goal is to provide tools for secure and flexible storage of cryptocurrency assets on a simple and reliable infrastructure.
Leading Investors: Leaders in the Cryptocurrency Industry
In addition to support from Lightspeed Faction and Galaxy Ventures, the round also included investment giants such as Sequoia, Coinbase Ventures, Alchemy, Figment Capital and Mirana Ventures. This demonstrates widespread recognition and trust in Turnkey's potential in cryptocurrency investing.
Looking into the Future: Prospects and Plans
Bryce Ferguson, CEO of Turnkey, described the project as a secure and flexible infrastructure for storing crypto assets at the highest level. He emphasized that most users of cryptocurrencies prefer them as an investment vehicle, and Turnkey aims to provide the tools to create reliable custody solutions.
Partners and Plans: Strategic Steps and Prospects
One of Turnkey's key clients, the Alchemy platform, is already using the company's infrastructure for its Wallet as a Service (WaaS) product. This partnership confirms Turnkey's practical value and potential in the cryptocurrency solutions market.
The funds raised in the Series A round will be used for scaling and developing new products, the project team says. Turnkey promises to remain at the forefront of crypto wallet innovation, making it a key player in the dynamic world of cryptocurrency technology.
