The company is now valued at $1.4 billion.
Crypto wallet maker Ledger has raised the bulk of its €100 million ($109 million) funding round, according to Bloomberg. The company is now valued by investors at €1.3 billion ($1.4 billion).
In an official statement, Pascal Gauthier, Chairman and CEO of Ledger, said the funds raised will accelerate the company’s mission to distribute its devices to hundreds of millions of people in the crypto ecosystem. These funds will catalyze a new generation of devices built with security in mind when managing digital assets and other products using blockchain technology.
Ledger today announced a funding round. I am grateful for the continued support of our long-term investors and welcome new investors supporting the ongoing undeniable revolution in value and equipment. These funds will accelerate our mission to bring next-generation secure consumer devices to hundreds of millions of people exploring critical blockchain-enabled digital assets and technologies.
Crypto hardware wallet maker Ledger raises over $100 million in new funding round
According to the same Bloomberg agency, the French crypto wallet company plans to conduct a second and third round of capital raising simultaneously in April due to high investor interest.
Institutional investors participating in the latest funding round include Morgan Creek, Cité Gestion SPV, Digital Finance Group, VaynerFund, True Global Ventures and 10T.
Suddenly, people thought that it was actually dangerous to leave cryptocurrencies on the exchange. 2023 is even better for us because now you can’t even leave money in a Swiss bank.
According to him, Ledger had its best sales in November 2022 after the FTX crash. Ledger Live, an app for buying and selling cryptocurrencies, grew 200% year-on-year in revenue. According to Ledger, now more than 20% of all cryptocurrencies in the world and 30% of NFTs are stored on its devices.
