Bitcoin pockets maker’s Ledger completes $ 380 million fundraising with a valuation of $ 1.5 billion
Ledger, a hardware wallet maker for bitcoin and other cryptocurrencies, has announced the completion of a Series C investment round of $ 380 million, led by cryptocurrency-focused mutual fund 10T Holdings, whose CEO has now become Ledger- Board will join. With this round of fundraising, Ledger has an implicit valuation of $ 1.5 billion, which gives him “unicorn” startup status.
“This Series C announcement marks Ledger’s transition from the leader in digital asset security to the secure gateway to the entire digital asset ecosystem,” said Pascal Gauthier, CEO of Ledger, in the announcement. “This industry is fast becoming mainstream, transforming the entire financial sector and beyond. We are well positioned to become the secure gateway to the world of digital assets, with the potential to integrate our services into almost all functions of the digital asset ecosystem. “
According to the announcement, Ledger has sold more than three million hardware wallets in 190 countries, securing an estimated 15% of all cryptocurrency assets worldwide. With this Series C round, the company plans to expand its offering to cover more facets of the entire cryptocurrency ecosystem – something that 10T Holdings sees “a tremendous future” for.
The round also included investments from Draper Associates, Tekne Capital, Uphold Ventures, Rosemoor Capital, Libertus Capital II and Felix Capital.
Ledger was founded in 2014 and is a hardware wallet manufacturer headquartered in Paris serving private and institutional customers in 200 countries. The company previously raised $ 8.3 million in a Series A round in March 2017 and $ 75 million in a Series B round in January 2018.