Ledger Raises Another $108M In Series C Extension Round at $1.4B Valuation
The company says it secures "more than 20% of the world’s cryptocurrencies and more than 30% of NFTs."
The France-based crypto hardware maker raised its initial Series C of $380 million in June 2021. The extension was done at the same valuation — about $1.4 billion — when taking into account currency conversion.
The round includes existing investors Molten Ventures, 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital and new investors with True Global Ventures, Digital Finance Group and VaynerFund.
Founded in 2014, Ledger has raised $468 million, per Crunchbase.
“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,” said Pascal Gauthier, CEO and chairman, in a blog.
"As the Internet of Value gradually goes mainstream, our Ledger devices will allow you to manage an ever-expanding range of tokenized assets, including your value, identity, data, stocks, and much more, enabling you to connect with complete ownership."