HomeBlockchainHardware Wallet Maker Ledger Gets $380M in Series C Funding Round

Hardware Wallet Maker Ledger Gets $380M in Series C Funding Round

-

Hardware wallet maker Ledger has just closed a massive Series C funding round led by digital asset fund 10T Holdings.

Ledger’s funding round also garnered support from Cathay Innovation, Draper Associates, DCG (the parent company of CoinDesk), Korelya Capital and Wicklow Capital, among others.

The Series C raise places Ledger with an implied valuation of more than $1.5 billion, marking the company’s rapid and accelerating growth, according to the release. Funding will go towards furthering innovation of its hardware products, providing new services for decentralized finance solutions, and expanding its enterprise capabilities.

“We believe Ledger is the premier security company and premier brand name in the cryptocurrency/blockchain space,” said Tapiero who simultaneously announced in the release that he would be joining Ledger’s board.

LATEST POSTS

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us

13,033FansLike
3,701FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img