Turnkey raises $12.5 million in strategic funding, with participation from Circle Ventures and Sequoia Capital.

CoinFeed reported on May 14th that Turnkey, a cryptocurrency wallet and key management infrastructure company, has completed a $12.5 million strategic funding round. The round was led by Archetype, Circle Ventures, and existing investors, bringing its total funding 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 for digital assets and sensitive workloads.