- The hardware crypto wallet developer organized its second Series-C funding round and raised €100M.
- Ledger divided Series-C funding in two, first organized in June 2021.
Ledger, a French security firm, reorganized its series-C funding round on March 30, 2023, and raised €100 Million (Which is around $108984500.00 as per current exchange rates). Earlier, on June 10, 2021, Ledger had raised €356 Million
The same amount was raised in the last series-C funding round.
Ledger managed to gather a long queue of investors in its second round of Series-C funding. The list includes VaynerFund, Digital Finance Group and True Global Ventures as new investors.
According to Crunchbase, other major investors of Ledger, which participated in seven other funding rounds, are Molten Ventures, Samsung Ventures, MAIF Avenir, XAnge, CapHorn Invest, Korelya Capital, Cathay Innovation, Morgan Creek Capital Management and 10T.
Besides these funding rounds, Ledger invested in Flowdesk, Kaizan and Stanton. Ledger participated in Series A of Flowdesk, Pre Seed Round of Kaizan and Seed Round of Starton.
Ledger majorly deals in hardware crypto wallets offering extreme digital asset securities. The hardware crypto wallet of Ledger is designed like a USB (Universal Serial Bus) pocket-friendly and easy-to-carry device.
A hardware cryptocurrency wallet is a device that stores some of a crypto’s major information, like private keys and others. The motive behind the development of hardware wallets is to ensure end-to-end user security by storing their personal information without any hack or leakage.
Ledger Nano S Plus is one of Ledger’s popular products which can manage over 5,500 digital assets safely. According to the company, Ledger Nano S is one of the lightest hardware crypto wallets, which is around 21 grams.
The device is made up of one of the best combinations of brushed stainless steel and plastic. The hardware wallet is quiet; it can be used in Windows 10/11,macOS, and Ubuntu; and is compatible with smartphones (specifically Android 10+ models).
However Ledger suggests not using their hardware wallets in Chromebooks for the purpose of crypto mining.
Hardware crypto wallets are considered to be one of the safest crypto wallets because of their safety features. Hardware wallet companies claim that hacking or tempering data stored in hardware wallets is near to impossible.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/03/31/ledger-hardware-crypto-wallet-developer-raised-e100m/