Ledger Completes $ 380 Million Series C Fundraising Valuing Company Over $ 1.5 Billion, To Strengthen Position As Leading Secure Gateway To Digital Assets
PARIS–(COMMERCIAL THREAD) – Ledger, the leading secure gateway for digital assets, today announced a $ 380 million Series C funding round, led by 10T Holdings, with strong backing from existing investors including Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, and Wicklow Capital and other newcomers including Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault) and iAngels Technologies. The Series C fundraiser means Ledger has an implied valuation of over $ 1.5 billion, marking its rapid and accelerating growth.
Ledger is the market-leading secure gateway for investors seeking secure access to the world of digital assets. Ledger’s products include the world’s most popular hardware wallet for cryptocurrency assets, the most user-friendly and secure cryptocurrency management platform, Ledger Live, and the best asset security solution. digital tools for financial institutions, Ledger Enterprise Solutions.
Ledger already secures around 15% of all cryptocurrency assets globally, and as a trusted leader, it is uniquely positioned to capitalize on the overgrowth of digital assets as they become more common. . Ledger has sold over 3 million hardware wallets in 190 countries to date and has over 1.5 million monthly users on Ledger Live. Ledger is led by President and CEO Pascal Gauthier, who has extensive experience building multi-billion dollar technology companies.
With this Series C investment cycle, Ledger, which is experiencing rapid growth and profitability, will be able to extend its leadership position in security and cryptocurrency services to become the secure gateway to all of the digital asset ecosystem. These plans would mean that Ledger’s products and services would support the business of retail investors, financial institutions and other industries investing and managing digital assets.
The Series C fundraiser will enable Ledger to realize these ambitious plans by further innovating its hardware products, providing access to new transactional services through Ledger Live such as decentralized financing solutions, and significantly expanding its capabilities to business. In addition, Ledger will use its new funding to invest in its proprietary operating system that runs on all Ledger products and services, so that it can support the seamless integration of new third-party services. These ambitious plans will be executed globally as Ledger continues to expand its operational and geographic footprint to match the global nature of the digital asset market.
Ledger’s mission is to become the easiest way for digital asset investors to start their journey and to buy, sell, trade, borrow and lend digital assets with confidence through the platform. Ledger Live form, which, combined with Ledger’s hardware, provides top-notch security for users in the digital asset environment.
“This C-Series announcement marks Ledger’s transition from the leading digital asset security company to being the secure gateway to the entire digital asset ecosystem. This industry is quickly becoming mainstream and reshaping the entire financial sector and beyond, ”said Pascal Gauthier, CEO of Ledger. “Our products are designed to give users maximum control over their digital assets and provide unparalleled protection against cyber attacks. We are well positioned to become the secure gateway to the world of digital assets with the potential to integrate our services into almost any functionality of the digital asset ecosystem.
Ledger’s financial profile has evolved with its operations, with Ledger Live’s consumer transaction revenue and Ledger Vault’s business revenue, increasingly diversifying revenue beyond core consumer hardware revenue. .
“10T is thrilled to be leading this C Series for Ledger. We believe Ledger is the # 1 security company and # 1 brand in the cryptocurrency / blockchain space. We see a great future for its new lines of business and expect it to become one of the few dominant companies in the ecosystem, ”said Dan Tapiero, Founder and CEO of 10T Holdings. Dan added: “On a personal note, I am also delighted to announce that I will be joining the Ledger Board of Directors so that I can help Ledger in the next phase of his exciting journey. ”
Tim Draper, Founder of Draper, said, “The Ledger brand is synonymous with confidence and freedom. It’s the trusted third party that was once a bank, but Ledger allows people to directly own, save, control, invest or spend their digital money anywhere on the planet (or off it). -this). I believe Ledger technology is the basis of any cryptocurrency security and custody strategy. ”
“As the first investor in Ledger, we are delighted to continue to support the company and its team throughout its journey and to take this exciting step forward. The latest funding, which grants unicorn status, is just one step in Ledger’s development as a pioneer in securing crypto assets. We believe that Ledger’s innovative technology will certainly play a vital role in the future as blockchain becomes more and more prevalent in our daily lives for any type of transaction ”said Jacky Abitbol, Managing Partner of Cathay Innovation .
Other investors include: Tekne Capital, Uphold Ventures, Rosemoor Capital, Libertus Capital II, Felix Capital, Inherent Private Opportunities, iAngels Technologies, Ascendant, Cygni SPV, MACSF, Financière Agache, Marcy Venture Partners, Loire Center Capital / Caisse d ‘Epargne Loire Center, Alliance Entreprendre, Scott Galloway, Crédit Agricole Center Loire, Korelya Capital, Cité Gestion, FirstMark Capital, Caphorn Invest, Global Founders Capital, Animoca Brands, Fabric Ventures, Crypto.com Capital, The Maze Group, Cardinal Capital and Warburg Greenhouses.
Ledger would also like to thank XAnge for their support throughout the fundraising process.
The Series C fundraising process was managed by Cardinal Partners and Hogan Lovells. Ledger previously raised $ 8.3 million in a Series A round in March 2017 and $ 75 million in a Series B round in January 2018.
About the ledger
Founded in 2014, Ledger is the all-in-one digital asset management solution serving retail and institutional clients in 200 countries. Based in Paris, with offices in New York, Singapore, London and Vierzon, Ledger has a team of more than 360 professionals. Since its inception, Ledger has become the de facto standard for securing digital assets through its line of hardware wallet devices. Launched in 2020, the Ledger-Live platform allows users to trade, trade and lend all on a secure platform, making it one of the most secure platforms for investors. to start their crypto journey.
The information provided on this page contains statements relating to our future business or developments involving Ledger and expectations may constitute forward-looking statements.