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Turnkey Raises $30M Series B to Usher in Next Era of Crypto Infrastructure
- The cryptocurrency industry is undergoing a shift with traditional finance integrating stablecoin and wallet technologies; Turnkey raises $30M Series B to provide secure, scalable crypto infrastructure for embedded wallets and onchain transaction automation.
- Turnkey's solution addresses bottlenecks in legacy crypto wallet infrastructure with outdated APIs and poor scalability, offering developers the ability to create secure, non-custodial wallets seamlessly.
- The company utilizes secure enclaves and Trusted Execution Environments for verifiable key management, enabling seamless onboarding experiences while ensuring enterprise-grade security.
- Turnkey's infrastructure powers over 50 million embedded wallets and processes millions of transactions weekly across DeFi, payments, AI agents, and consumer applications.
- Investors in Turnkey's $30M Series B funding round include Bain Capital Crypto, Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant.
- Turnkey offers secure, scalable crypto infrastructure for embedded wallets and transaction automation without compromising on security.
- The funding process for Turnkey was streamlined as investors recognized the growth potential of the company's infrastructure in bringing crypto to the masses.
- Turnkey's pricing model includes a monthly minimum and per signature pricing that scales with volume.
- Over the next six months, Turnkey aims to enhance its core wallet infrastructure, expand its team, invest in open sourcing applications, and develop modular infrastructure for various use cases.
- Turnkey's goal is to become the default infrastructure powering crypto transactions by scaling its engineering, product, and go-to-market efforts.
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