# Phantom funding: rounds and investors > Phantom has raised $165M across 3 rounds since 2013. Investors include Sequoia Capital, Andreessen Horowitz and Lightspeed Venture Partners. Source: https://millionrounds.com/company/phantom (Millionrounds; every figure on the page links to its filing or article) China · [Series C startup](https://millionrounds.com/companies) # Who invested in *Phantom* 3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cybersecurity Web3 & Crypto Valuation: $3.0B, Mar 2026 Funding summary Updated 26 Oct 2026 **$165M** raised across 3 rounds since 2013, from 3 sources **$1.5M** Series A **$14M** Series B **$150M** Series C - **Latest round:** Series C, $150M Jan 2025 - **Step-up i:** 11.1× - **Investors:** 7 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2015 2017 2019 2021 2023 2025 **$1.5M** Series A **$14M** Series B **$150M** Series C - **First round:** Series A, $1.5M - **Biggest round:** $150M - **Usual gap between rounds:** 8 years ## The rounds - **Jan 2025** Series C **$150M** *5 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Paradigm](https://millionrounds.com/fund/paradigm) [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) Source recorded - **Jan 2017** Series B **$14M** *1 new* [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) Reported by FinSMEs - **Nov 2013** Series A **$1.5M** *1 new* [Matrix Partners](https://millionrounds.com/fund/matrix-partners-china) From a historical funding record ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2013 **Series B** 2017 **Series C** 2025 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) [Paradigm](https://millionrounds.com/fund/paradigm) [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) [Matrix Partners](https://millionrounds.com/fund/matrix-partners-china) ## Everyone who backed them [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) VC firm **1** round [Paradigm](https://millionrounds.com/fund/paradigm) VC firm **1** round [A16z Crypto](https://millionrounds.com/fund/a16z-crypto) VC firm **1** round [Matrix Partners](https://millionrounds.com/fund/matrix-partners-china) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=phantom). ## Also claim to have backed them These 3 firms list Phantom as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Variant](https://millionrounds.com/fund/variant) VC firm Seed, 2021, per its site [Standard](https://millionrounds.com/fund/standard) VC firm Per its own site [Standard Crypto](https://millionrounds.com/fund/standard-crypto) VC firm Per its own site ## Quick answers about Phantom ### Who invested in Phantom? Phantom's investors include Sequoia Capital, Andreessen Horowitz, Lightspeed Venture Partners, Kleiner Perkins Caufield & Byers and Paradigm, and 2 more on record. ### How much has Phantom raised? Phantom has raised $165M across 3 rounds since 2013. ### When did Phantom last raise? Phantom's most recent round was a Series C of $150M in Jan 2025. ### What was Phantom's biggest round? Its most recent round, $150M in Jan 2025, is also its largest on record. ### Who backed Phantom first? Phantom's first round on record, in Nov 2013, was backed by Matrix Partners. ### What stage is Phantom at? Phantom's latest named round is a Series C, in Jan 2025. ### Where is Phantom based? Phantom is based in China. ## Companies like Phantom In the same sector, and raised in the last eighteen months. [**Even Realities** $150M · Jul 2026](https://millionrounds.com/company/even-realities)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Peso** Oct 2026](https://millionrounds.com/company/peso)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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