Venture Capital: Hardware Wallet Company Ledger Reportedly Looking To Raise $100M

https://dailyalts.com/wp-content/uploads/2022/08/Buy-1.png

According to a Bloomberg report, Ledger is likely to wrangle a higher valuation compared to its previous funding.

A Bloomberg report says Ledger, the French crypto wallet maker, is in talks to raise a minimum of $100 million from strategic investors. The company previously raised a $380 million Series C in June 2021 at a valuation exceeding $1.5 billion, and this may not be the best of times to raise financing given the dire state of the digital assets market.

However, sources told Bloomberg that the troubles at various crypto players including Voyager Digital (TSE: VOYG), Celsius Network, and Zipmex have actually played into Ledger’s hands because more people want to self-custody their crypto coins on a personal wallet rather than hand them over to a third party.

Ledger was founded in 2015 by Éric Larchevêque and Thomas France, according to Bitcoin.com, and has now achieved the stature of a top global crypto hardware wallet manufacturer. The Nano S Plus and the Nano X series hardware wallets are Ledger’s top selling products and retail for prices between $79 to $149 before taxes. Both wallets can store, send and receive various digital currencies.

Ledger claims it safeguards 20% of the world’s digital assets in more than 5 million wallets.

Last week, Ledger launched a new NFT (non-fungible token) marketplace meant to serve fashion and luxury brands, charities and financial institutions. Dubbed [L] Market, its launch partners include Tag Heuer of LVMH and NFT projects such as RTFKT and DeadFellaz. The company has also launched its own Artist in Residence program.

Related Story: Ledger, The Hardware Wallet Maker For Crypto, Nabs $380M

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/logo-ripple.jpg
Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage
August 10, 2022     Digital Assets, News

Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown…

https://dailyalts.com/wp-content/uploads/2022/08/Nuri.png
FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market
August 10, 2022     Digital Assets, FinTech, News

Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on…

https://dailyalts.com/wp-content/uploads/2022/08/TX-SCARA_Press_1-1-1-1030x644-1.jpg
Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan
August 10, 2022     Artificial Intelligence, Latest News, News

Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based…

https://dailyalts.com/wp-content/uploads/2022/08/Coinbase-Mobile-–-Splash.png
Alternative Investments/Digital: GraniteShares Launches The First Coinbase Leveraged ETF
August 10, 2022     Alternative Investments, News

US ETF issuer GraniteShares, which first launched leveraged ETFs on single stocks in the UK in 2019, and now offers 106 such products across Europe, has listed a suite of…