0%

est. 2Y upside i

Series B

Turnkey is a powerful, modular, and adaptable operating system for wallets—built for developers who demand full control. Designed by the team that scaled Coinbase Custody past $100B in assets, and backed by Sequoia, Lightspeed Faction, and Galaxy, Turnkey provides low-level wallet infrastructure primitives that can be mixed, matched, and configured for any use case.

Rank

#2092

Sector

Web3 & Digital Assets

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the complete lack of financial data (revenue, valuation, growth rate), no quantitative equity upside can be estimated.

Last updated: July 19, 2026

Bull (20%)0%

Insufficient data to estimate. If revenue were disclosed, strong moat and recent volume could drive upside.

Base (55%)0%

Insufficient data to estimate. Base case relies on typical growth for crypto infrastructure but unknown financials.

Bear (25%)0%

Insufficient data to estimate. Bear case includes dilution and preference stack risk; common stock may be worthless if exit below $65M.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

0%

Total funding of $65M with unknown valuation implies preference overhang could be severe; common stock may see little to no recovery in a sub-$65M exit.

Dilution Risk

moderate

As a Series B company, additional funding rounds before exit are likely, diluting common stockholders by 15-25% per round.

Secondary Liquidity

none

No secondary market data available; liquidity is limited to an exit event.

Operations — 3 roles

Product — 1 role

View all 13 open roles at Turnkey →

Last updated: September 6, 2026

Questions to Ask at the Interview

Strategic questions based on Turnkey's data — designed to show you've done your homework.

  • 1

    “What is Turnkey's current annualized revenue run-rate and growth trajectory?”

  • 2

    “How do you see the competitive landscape evolving, especially with incumbents like Dfns and MetaMask?”

  • 3

    “What is the expected timeline to a liquidity event (IPO or acquisition), and does the company have a secondary market employee program?”

Community

Valuation Sentiment

Our model estimates 0% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.