Crypto security firm Turnkey raises $12.5M

Cryptocurrency security and custody firm Turnkey has raised $12.5 million in a strategic funding round, CoinDesk reported. This investment brings Turnkey's total funding to over $65 million. Investors in the round included Archetype, Circle Ventures, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital, and Variant. The funds will be used to develop its in-house infrastructure.