Turnkey Secures $12.5M in Round Led by Circle Ventures, Sequoia

Turnkey has raised $12.5 million in a strategic investment round led by Archetype, Circle Ventures, and Sequoia Capital, bringing its total funding to over $65 million. According to CoinDesk, the new capital will primarily fund the development and public launch of Turnkey Verifiable Cloud, a secure computing product for digital assets. Other participants in the round include Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. Turnkey specializes in wallet and key-management infrastructure for crypto applications, including non-custodial wallets and automated onchain activity.