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Ledger completes new funding round

Ledger completes new funding round

Ledger, a French start-up that designs and markets cryptocurrency wallets, said on Thursday it had completed a $380 million (€312 million) fundraising round, giving it a valuation of more than $1.5 billion.

 

More specifically, Ledger is a company founded by several French entrepreneurs, whose current CEO is Thibault Gautier. This company was founded in 2016 with the aim of securing crypto-currency holdings and transactions for individual users, through the design of digital physical wallets, also known as “hardware wallets” . The company also operates a platform called Ledger-Live.

 

Led by 10T Holdings, an equity fund investing in private companies, Ledger’s latest round of funding closed at $380 million, or €312 million. Several other investors were also involved, such as Financière Agache, a luxury goods company owned by Bernard Arnault, the CEO of LVMH.

 

With this Series C funding round, Ledger, which is growing and profitable, will be able to consolidate its position as the leading crypto asset security company to become the reference management platform for the entire crypto asset ecosystem” , the group said in a statement https://osterreichische-apotheke.com.

 

For Pascal Gauthier, Ledger’s CEO, this transaction will allow the group to move “from being the leading digital asset security company to being the secure gateway to the entire digital asset ecosystem. “This industry is rapidly becoming mainstream and is reshaping the entire financial sector and beyond” , he added later.

See Also

 

Lire aussi > LVMH LAUNCHES A 30 MILLION EURO EMERGENCY FUND FOR ITS EMPLOYEES

 

Photo à la Une : © Ledger

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