Turnkey’s $30 million Series B funding round was led by Bain Capital Crypto with participation from Sequoia Capital, Lightspeed Faction, and Galaxy Ventures, who also led its $15 million Series A round in April 2024, bringing Turnkey’s total funding to over $50 million

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June 9, 2025

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Former Coinbase employees, Bryce Fergason and Jack Kearney have raised $30 million in a Series B funding round led by Bain Capital Crypto with participation from Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute and Variant,
Turnkey, a New York-based crypto key management and wallet infrastructure startup co-founded by former Coinbase employees, has raised $30 million in a Series B funding round led by Bain Capital Crypto, the firm announced on Monday.
Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant also participated in the round, bringing Turnkey's total funding to over $50 million
On Monday, the startup announced that it had raised $30 million in a Series B funding round led by Bain Capital Crypto. Other investors included Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute, and Variant.
Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant also participated in the round
The funding also included contributions from Lightspeed Faction and Galaxy Ventures, who led Turnkey's $15 million Series A in April 2024.

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06/09/2025
Week 24 of 2025