Ledger Seeking $100 Million at more than $1.5 Billion Valuation

Ledger is a software company and hardware wallet maker which stores the user’s private keys. The company designs and develops security and infrastructure solutions for cryptocurrencies and blockchain applications for companies and individuals. As for corporations and enterprises, Ledger developed the Vault. The Vault is a SaaS solution that focuses on the safeguarding of multiple cryptocurrencies.

These investments are going to be in addition to the $380 million raised in the Series C funding round last June. That round was led by 10T Holdings, including other participants such as existing investors Cathay Innovation, Draper Associates, and others as well as new investors among which are Tekne Capital, Uphold Ventures, etc.

Ledger, France, was founded by David Balland, Eric Larchevêque, Joel Pobeda, Nicolas Bacca, and Thomas France in 2014. As of now, Ledger has already sold approximately 3 million hardware wallets. In its headquarter in Paris the company has more than 300 employees and several in other cities. Except for wallets, Ledger offers a slew of crypto-related services and has been making an effort to become a more popular consumer brand. Moreover, Ledger launched a marketplace of nonfungible tokens and claimed that the platform will feature NFT collections from major artists and brands. “For the wallets, we integrated our operating system in a secure chip, and for the Vault, we are integrating it in a hardware security module. The idea behind it is to provide additional features and services, such as multiaccounts, multisignature or timelocks,” co-founder and CEO Eric Larchevêque.

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