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Enterprise Infrastructure Series B Founded 2022

Turnkey

Turnkey provides secure, flexible, and scalable non-custodial wallet infrastructure designed for onchain applications across payments, consumer apps, AI agents, DeFi, stablecoins, and developer tooling. The platform offers embedded consumer wallets, embedded business wallets, wallet-as-a-service, company wallets with smart contract management and payment orchestration, agentic wallets with policy controls,…

📍 New York City, United States · Cybersecurity,

Funding snapshot

Last roundSeries B
Amount$12M
Date14 May 2026
Total raised$65M
Team size123

About

Turnkey provides secure, flexible, and scalable non-custodial wallet infrastructure designed for onchain applications across payments, consumer apps, AI agents, DeFi, stablecoins, and developer tooling. The platform offers embedded consumer wallets, embedded business wallets, wallet-as-a-service, company wallets with smart contract management and payment orchestration, agentic wallets with policy controls, enterprise key management, and the Turnkey Verifiable Cloud for provable security. Turnkey differentiates itself through its use of trusted hardware (Trusted Execution Environments) rather than MPC or HSM approaches, running all key operations inside secure enclaves that are completely isolated and verifiable through code attestation and reproducible builds. The infrastructure is fully non-custodial, chain-agnostic across EVM, Solana, Bitcoin, and hundreds of other chains, and delivers 50-100ms signing latency with 99.9% uptime. Key features include social, email, and passkey login for seamless onboarding, programmable policy engines for transaction limits and permissions, user sessions for frictionless signing, and enterprise disaster recovery. The platform is SOC 2 Type II audited and built to support KYC, AML, and travel-rule integrations. Founded in 2022 by the team that built Coinbase Custody, Turnkey has raised $65 million in a Series B round backed by Sequoia Capital, Coinbase, Bain Capital Crypto, Lightspeed Venture Partners, Galaxy Ventures, Variant Fund, Archetype, Circle, Wintermute, Alchemy, and others.

Business model

Cybersecurity > Blockchain Security,

Blockchain Infrastructure > Enablers > Security > Wallet Based Authentication

Institutional investors

Faction VC Galaxy ventures Sequoia Capital Coinbase Figment Capital Alchemy Mirana Coinbase-ventures.com Variant Fund Bain Capital Crypto Galaxy Ventures Wintermute Archetype Circle Lightspeed Venture Partners

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