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Turnkey plans to use its series B funding to expand its team of 35 employees, especially the engineering department
Turnkey, a New-York based crypto wallet infrastructure company announced it had raised $30 million in a Series B funding round on June 9, 2025.
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
Turnkey CEO Bryce Ferguson, commenting on its Series B funding, stated that the company’s appeal lies in its ability to add and streamline advanced features for wallets, as the crypto industry transitions from outdated, slow systems designed for buying and holding to high-throughput, machine-driven transaction architectures
Turnkey Series B funding round investors will receive stock as well as token warrants, or promised allocations of a yet-be-released cryptocurrency, though the company has no plans to launch its own token at the moment, but, according to company CEO, such warrants are standard in most crypto deal

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