Bain Capital Crypto Leads $30M Series B Round for Crypto Wallet Startup Turnkey
Quick take:
- Turnkey co-founders CEO Bryce Ferguson and Jack Kearney are alumni of U.S.-based crypto exchange company Coinbase.
- The company offers an infrastructure for digital wallets where users store and manage their cryptocurrency.
- Ferguson said Turnkey’s appeal lies in its ability to add and streamline advanced features to wallets.
Former Coinbase employees, Bryce Fergason and Jack Kearney have raised $30 million in a Series B funding round led by Bain Capital Crypto with participation from Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute and Variant, Fortune reported.
The fundraising was structured as equity with token warrants of a yet-to-be-released cryptocurrency. However, the company…
