Coinbase Alum established by Turnkey raises a $ 30M series B to grow the Engineering team: Report
The Crypto Wallet Infrastructure Company Turnkey raised $ 30 million in funding series B led by Bain Capital Crypto, Fortune reported on Monday.
Turnkey, co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers develop users who users using users of application programming (API).
This will help the wallets become more streamlined and easy to use, Ferguson said.
“We are moving from this world of slow, clunky systems designed for buying and handling crypto at very high throughput, mechanical -based transactions,” he said, according to Fortune’s report.
The company counts the platform of the Polymarket prediction market, non-fungible token (NFT) Marketplace Magic Eden and Stripe owned by the Stablecoin firm to its clients.
Funding also includes contributions from lightsped faction and galaxy ventures, which LED Turnkey’s $ 15 million series a In April 2024.
Turnkey will use its new capital to grow its headcount, currently sitting with 35 employees. Mainly, Turnkey is looking to expand the engineering team, according to the report.
The company did not immediately respond to CoinDesk’s request for further comment.
