French Crypto Security Provider Ledger Bags US$380 Million in Series C Fundraiseby Fintechnews Switzerland June 14, 2021
Ledger, a French provider of security and infrastructure solutions for cryptocurrencies and blockchain applications, announced that it has raised $380 million during a Series C funding round led by 10T, a mid- to late-stage growth equity fund that invests in private companies operating in the digital asset ecosystem.
They were joined by other investors from their Series B round such as Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Wicklow Capital and newcomers including Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies.
Ledger will use the new funds to further innovate its hardware products, including new products in the pipeline and add new transactional services to Ledger Live such as decentralised finance solutions.
The firms also plans on integrating new third-party services through ongoing development of its proprietary OS and strengthen its capacity to support businesses through Ledger Enterprise Solutions.
The crypto firm said that it will execute these plans globally, as its continues to expand its operational and geographic footprint.
Since 2014, Ledger has sold more than 3 million hardware wallets in 190 countries and have more than 1.5 million monthly users on Ledger Live.
“As we look to the future, we see ourselves as the secure gateway to this growing ecosystem. Our goal is to empower users to buy, sell, swap, borrow, and lend digital assets through the Ledger Live platform, which— when combined with our hardware— offers best-in-class security and a seamless user experience.
The results of our Series C round bring us one step closer to this vision. We are excited to watch our global community grow and help people around the world begin their investment journey with confidence that their digital assets are secure.”
said Pascal Gauthier, Chairman and CEO of Ledger.
Featured image: Pascal Gauthier, President at Ledger with Eric Larchevêque, CEO at Ledger