Hardware Crypto Wallet Provider Ledger Raises $380 Million In Funding

Hardware Crypto Wallet Provider Ledger Raises $380 Million In Funding
June 11
16:20 2021

As the crypto market continues to expand, business is all good for the French hardware wallet services provider Ledger. The company has raised a significant $380 million in its Series C funding round that was pioneered by 10T Holdings. With the latest round of funding ledger now values at $1.5 billion. 

Other popular names that participated in the Seed C funding were Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital and Wicklow Capital. Fresh names who became the first investors in the company are Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache and iAngels Technologies.

Ledger is the world’s leading hardware wallet company. A hardware wallet is an offline wallet that offers higher levels of security to your private keys and are preferred over online exchange wallets. It is always recommended to have a hardware wallet and not leave your crypto assets parked if they are high value. 

The company has over 3 million hardware wallets. Reports suggest there are 1.5 million crypto traders who use Ledger Live which is also a software-based solution that provides high levels of protection for parked crypto assets. Ledger claims to have over 15% of all the cryptocurrencies parked using their wallets. One of the pioneer hardware wallet services provided, ledger has been leading the market for over 5 years now. The company has also announced to add Defi wallet and other advanced features to their Ledger Live wallets.

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George Kim

George Kim

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