PANews, May 14: Turnkey, a cryptocurrency wallet and key management infrastructure company, has completed a $12.5 million strategic funding round led by Archetype, Circle Ventures, and existing investors, bringing its total raised capital to over $65 million. Bain Capital Crypto, Galaxy Ventures, Sequoia Capital, Variant, and Lightspeed Faction also participated in this round. Turnkey stated that the new funds will primarily be used to develop and publicly launch Turnkey Verifiable Cloud, a secure computing platform designed for digital assets and sensitive workloads.
Turnkey Completes $12.5M Strategic Funding Round with Circle Ventures and Sequoia Capital
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Summary
Turnkey has closed a $12.5 million strategic funding round, marking a significant development in crypto project funding. The round was led by Archetype and Circle Ventures, with participation from Bain Capital Crypto, Galaxy Ventures, Sequoia Capital, Variant, and Lightspeed Faction. The company has now raised over $65 million. Turnkey plans to use the funds to launch Turnkey Verifiable Cloud, a secure computing platform for digital assets. This funding underscores continued interest in key management infrastructure, with new token listings expected as the platform evolves.
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