Crypto Wallet Maker Ledger Raises $109 Million in Latest Funding Round

Ledger, the 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.

Ledger, a company that makes hardware wallets for cryptocurrencies, announced on Wednesday that it has raised a new round of funding.

Gauthier said the funds will be used to “accelerate our mission to bring a new generation of secure consumer devices” to millions of users who are “exploring critical digital assets and blockchain-enabled technology.”

The company’s CEO did not disclose the names of the investors or the amount raised, but TechCrunch reported that Ledger’s Series C funding round raised an impressive $108.8 million, or €100 million.

Ledger, a cryptocurrency hardware wallet provider, announced that it has raised $387.4 million in its latest round of funding.

The company said that new investors include True Global Ventures, Digital Finance Group, and VaynerFund, while existing investors include 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. Ledger is valued at $1.42 billion.

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