- Ledger’s last round was at a €1.3 billion valuation.
- The startup will use the funds to develop a new generation of hardware wallets, building on its latest offer Ledger Stax.
- New investors in the series C extension round included VaynerFund and True Global Ventures.
Cryptocurrency hardware wallet maker Ledger has just closed an €100 million ($109 million) series C extension round, with a €1.3 billion ($1.4 billion) valuation.
As reported by Bloomberg on Thursday, the French startup was able to bring on board several new investors, such as VaynerFund, True Global Ventures, Cité Gestion SPV, and Digital Finance Group, in addition to its existing investors Cathay Innovation, Draper Dragon, Morgan Creek, and Cap Horn.
Ledger is proud to announce our Series C extension fundraising round.
We continue our mission of bringing ease-of-use and uncompromised security to your digital value.
Read what our CEO @_pgauthier has to say:https://t.co/JSHyi5jKIQ pic.twitter.com/aGi2FhOXCs
— Ledger (@Ledger) March 30, 2023
Commenting on the news, Ledger CEO & Chairman Pascal Gauthier said: “Today, Ledger announced our funding round. I’m grateful for our long-term investors’ continued support, and I welcome the new investors backing the current undeniable revolution of value and hardware. These funds will accelerate our mission to bring a new generation of secure consumer devices to hundreds of millions exploring critical digital assets and blockchain-enabled technology.”
The company is looking to use the funds to develop a new generation of hardware wallets, building on its latest offering Ledger Stax. The world is entering an era of Internet of Value and billions of people will require access to devices that are built for the decentralised Internet of Value – in this case hardware wallets that go beyond basic security features.
Ledger was founded in 2014, and its most popular USB-type hardware wallets include the Ledger Nano S, Ledger Nano S Plus and Nano X. Additionally, Ledger Live is offered on desktop and mobile.