Crypto pockets infrastructure firm Turnkey has raised $30 million in Sequence B funding led by Bain Capital Crypto, Fortune reported on Monday.
Turnkey, which was co-founded by former Coinbase staff Bryce Ferguson and Jack Kearney, goals to assist builders construct user-friendly wallets utilizing utility programming interfaces (APIs).
This might help wallets change into extra streamlined and simple to make use of, Ferguson stated.
“We’re shifting from this world of those gradual, clunky programs that had been designed for getting and holding crypto to very excessive throughput, machine-based transactions,” he stated, in line with Fortune’s report.
The corporate counts prediction market platform Polymarket, non-fungible token (NFT) market Magic Eden and Stripe-owned stablecoin agency Bridge amongst its purchasers.
The funding additionally included contributions from Lightsped Faction and Galaxy Ventures, who led Turnkey’s $15 million Series A in April 2024.
Turnkey will use its new capital to grows its headcount, which presently sits at 35 staff. Principally, Turnkey is trying to broaden its engineering workforce, in line with the report.
The corporate didn’t instantly reply to CoinDesk’s request for additional remark.