Oryon
Portfolio indexActive · Series A · 2021
ActiveConsumer crypto apps

Phantom

CategoryWallet · Consumer
HeadquartersSan Francisco
FoundersBrandon Millman, Chris Kalani, Francesco Agosti
— Overview

Phantom is the leading consumer crypto wallet, serving 18M+ monthly actives across Solana, Ethereum, Bitcoin, Base, Polygon, and Sui. The product started Solana-native in 2021 and expanded to multi-chain in 2023, becoming the default self-custody experience for retail crypto users.

The wallet ships a native swap flow, integrated NFT marketplace, staking, hardware wallet support, and a dApp browser — designed with the assumption that most users will never leave the wallet to interact with the on-chain economy.

In 2026 Phantom is focused on Bitcoin L2s and payment surfaces, positioning itself as the app layer where Web2 consumers meet the on-chain economy for the first time.

— By the numbers
18M+
Monthly actives
6
Chains
22M
Downloads
2021
Founded
— Investment
Round
Series A 2022
Our role
Lead
Check size
$12M
Co-investors
Paradigm · a16z crypto · Sequoia
Board seat
Haseeb Qureshi
— Our thesis

The consumer wallet with the best UX in crypto. We led the Series A on the belief that the wallet is the browser of the onchain era.

— Team
BM

Brandon Millman

CEO & Co-Founder
CK

Chris Kalani

Head of Design
FA

Francesco Agosti

CTO
BP

Bryan Pellegrino

Head of BD
— Timeline
  1. 2021Founded, Solana-native launch
  2. Q2 2022Oryon Series A
  3. Q1 2023Multi-chain expansion
  4. Q4 202518M monthly actives
— Latest update

18M+ monthly actives, expansion to Bitcoin and Ethereum L2s complete, native swap flow shipping.

— In the press

The only crypto wallet a normal person can actually use.

Techcrunch, 2023

Phantom quietly won the browser wars for on-chain UX.

The Defiant, 2025