Turnkey Secures $30 Million in Series B Funding Led by Bain Capital
Turnkey, a crypto wallet infrastructure company, has secured $30 million in Series B funding led by Bain Capital Crypto. The firm, co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, focuses on helping developers create user-friendly wallets through application programming interfaces (APIs).
Key points:
- Funding will support growth in headcount, particularly in the engineering team.
- Current employee count is 35.
- Clients include Polymarket, Magic Eden, and Bridge.
- Previous funding round raised $15 million from Lightspeed Faction and Galaxy Ventures.
Ferguson emphasized the shift from outdated systems to efficient, machine-based transactions.