Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto.
Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs).
The company counts prediction market platform Polymarket, non-fungible token (NFT) marketplace Magic Eden and Stripe-owned stablecoin firm Bridge among its clients.
The funding also included contributions from Lightspeed Faction and Galaxy Ventures, who led Turnkey’s $15 million Series A in April 2024.
Turnkey will use its new capital to increase its headcount, which currently sits at 35 employees. The firm is looking to expand its engineering, product, go-to-market and operations teams, according to a blog post on Monday.
The news was reported earlier by Fortune.
UPDATE (June 9, 14:20 UTC): Attributes story to blog post rather than Fortune. Also removes quote from Fortune article, replacing it with emailed comment from Turnkey.
