Coinspeaker
Ledger Closes Series C Funding Round with €109M at Valuation of €1.3B
Ledger, a French startup focused on developing hardware crypto wallets, has announced the completion of a series C funding round with €100 million at a current valuation of approximately €1.3 billion. The Paris-based startup enjoyed the support of prior investors and a line of new flow from True Global Ventures, Digital Finance Group and VaynerFund. Some of the existing investors that took part in the Series C funding round include 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital and Molten Ventures.
With the ongoing global cryptocurrency adoption, Ledger intends to use the funds to scale its hardware wallet productions. Moreover, the FTX and Alameda Research implosion late last year has significantly increased the need for self-custody among crypto investors.
“These funds will accelerate our mission to bring a new generation of secure consumer devices
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