Digital Assets: Ledger, The Hardware Wallet Maker For Crypto, Nabs $380M

June 10, 2021 | Digital Assets, News

The Series C round vaulted Ledger into unicorn status with a valuation of $1.5 billion.

Ledger, the Paris-based manufacturer of hardware wallets that hold cryptos including bitcoin, announced today the close of its Series C funding of $380 million led by 10T Holdings. The round gave Ledger an implied valuation of more than $1.5 billion, and saw participation by existing investors including Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, and Wicklow Capital. New investors included Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies. (BusinessWire)

The startup previously raised $8.3 million in a Series A round in March 2017 and $75 million in a Series B round in January 2018.

Dan Tapiero, Founder and CEO of 10T Holdings, will join the company’s board.

Ledger is the wallet of choice globally

  • sold more than 3 million hardware wallets in 190 countries to date
  • secures an estimated 15% of all cryptocurrency assets globally
  • has more than 1.5 million monthly users on Ledger Live, its secure cryptocurrency management platform

“This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem. This industry is fast becoming mainstream and reshaping the entire financial sector and beyond,” said CEO Pascal Gauthier. “Our products are designed to give users maximum control over their digital assets and provide unparalleled protection against cyber-attacks. We are well-positioned to become the secure gateway to the digital asset world with the potential to integrate our services into nearly every feature of the digital asset ecosystem.”

Use of funds

Ledger will use the funding to further develop its products and endow Ledger Live with new functionalities such as Decentralized Finance solutions.

Ledger will also invest in its proprietary Operating System which runs across all of Ledger’s products and services, so that it can support the seamless integration of new third-party services.

It also plans to hire 300 new employees.

Related Story:     Prosegur Launches Bunker-Like Custody Solution For Crypto

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.


Latest Alternative Investment News
Venture Capital/ESG: Adam Neumann Co-Founded Flowcarbon Raises $70M Via VC Funding And Token Sale

Flowcarbon, co-founded by Adam Neumann, known for WeWork, is a climate technology company seeking to formalize the market for carbon offsets on the blockchain. The startup announced Tuesday its $70…
Digital Assets: The Terra (LUNA) Implosion – Sidelights
May 25, 2022     Digital Assets, Latest News, News

One hapless investor lost about 3 billion won ($2.4 million) in the LUNA and UST implosion earlier this month. A Korean social media personality going by the name of “Chancers”…
Artificial Intelligence: AI Could Bring Us Fresh Insight Into Earthquakes
May 25, 2022     Artificial Intelligence, News

Scientists have long held the view that earthquakes are impossible to predict, being random events. But the potential for damage these natural events have, including the loss of life, have…
Digital Assets: Swiss Venture Firm CV VC Launches African Blockchain Early-Stage Fund; Issues African Blockchain Report
May 24, 2022     Digital Assets, News, Venture Capital

CV VC announced Monday at Davos the launch of its African Blockchain Early-Stage Fund to bring the advantages of the blockchain and its own expertise to enable Africa to transact…