Crypto Wallet Maker Ledger Raises $109M in Funding: Bull Market Return?

Ledger, a Paris-based company that manufactures hardware cryptocurrency wallets, has announced that it has raised an impressive $108.8 million in its Series C funding round.

Pascal Gauthier, the Chairman and CEO of Ledger, made the announcement on Thursday and revealed that the funding round saw participation from both existing and new investors.

Crypto Wallet Maker Ledger Raises $109M in Funding: Bull Market Return?

Gauthier said the funds will be used to “accelerate our mission to bring a new generation of secure consumer devices” to market. He also hinted that the company is close to releasing new products, but did not disclose any details.

The company’s Series C funding round raised an impressive $108.8 million, or €100 million. This will help the company bring a new generation of secure consumer devices to market.

Bloomberg reports that Ledger, a cryptocurrency hardware wallet manufacturer, has raised $387.4 million in its latest round of funding, valuing the company at $1.42 billion. The round was led by True Global Ventures, Digital Finance Group, and VaynerFund, with participation from existing investors including 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital, and Molten Ventures. Goldman Sachs Bank Europe SE acted as the placement agent, with Jones Day as legal advisors.

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