Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital
Key takeaways
- Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital and Variant also participated.
- Turnkey builds wallet and key-management infrastructure for crypto applications.
- The New York-based firm was founded by former Coinbase Custody employees Bryce Ferguson and Jack Kearney.
The new capital will primarily fund the development and public launch of Turnkey Verifiable Cloud, a secure computing product for digital assets.By Francisco Rodrigues, AI Boost|Edited by Oliver Knight May 14, 2026, 1:00 p.m. 2 min read Make preferred on Turnkey raises $12.5 million (Dmytro Glazunov/Unsplash/Modified by Coin Desk)What to know: Turnkey raised $12.5 million in a strategic round, bringing total funding to over $65M. Key investors include Archetype, Circle Ventures, and Sequoia Capital.The new capital will primarily fund the development and public launch of Turnkey Verifiable Cloud, a secure computing product for digital assets.Turnkey specializes in wallet and key-management infrastructure for crypto applications, including non-custodial wallets and automated onchain activity.Turnkey has raised $12.5 million in a strategic investment round backed by Archetype, Circle Ventures and existing investors, bringing its total funding to more than $65 million.
Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital and Variant also participated. The raise follows Turnkey’s $30 million Series B, led by Bain Capital Crypto last year, and its $15 million Series A, led by Lightspeed Faction and Galaxy Ventures in 2024.
Turnkey builds wallet and key-management infrastructure for crypto applications. The company said the new capital will support development of Turnkey Verifiable Cloud, a secure computing product for digital assets and sensitive workloads, ahead of its public launch.