Ledger Secures Additional $108 Million in Series C Funding
In Brief
The hardware wallet firm Ledger has brought in €100 million ($108 million) as part of a Series C funding extension.
The company’s valuation remains steady at €1.3 billion ($1.41 billion).
Ledger is set to roll out new cryptocurrencies, blockchain integrations, and various features and services within its offerings. crypto wallet app , Ledger Live.

The Paris-based crypto wallet manufacturer, Ledger, has successfully raised €100 million ($108 million) in a Series C funding extension, supplementing the $380 million already secured. Series C round in 2021 .
During the challenging times of the crypto market, Ledger impressively achieved funding at a consistent valuation of €1.3 billion ($1.41 billion), unchanged since its Series C funding from two years ago.
According to Bloomberg , the company plans to organize a second close for this funding round in mid-April, followed by a third round depending on interest. The latest investments came from existing supporters 10T, CapHorn Invest, Morgan Creek Capital, and Cathay Innovation, along with new players like True Global Ventures, Cite Gestion SPV, Digital Finance Group, and VaynerFund.
This fresh infusion of capital follows a spate of cyber attacks and events such as the Terra collapse and the FTX insolvency, which have left many in the crypto community searching for more secure ways to safeguard their assets. Ledger produces hardware wallets—physical devices that allow users to save their funds with encrypted private keys, making unauthorized access incredibly difficult for hackers.
One of the standout features of a hardware wallet like Ledger is the offline storage of private keys, a process referred to as 'cold storage.' This characteristic ensures that private keys aren’t stored on a computer or online, significantly minimizing the chances of them being compromised. Moreover, these hardware wallets are engineered to withstand physical threats, including tampering or theft.
"As we transition into a new era, devices like the smartphone you carry and the laptop at your desk fundamentally lack the security needed for today's digital landscape. They were designed for disseminating information in a centralized Internet ecosystem rather than for the ownership and trading of assets on a decentralized platform. My message is clear: we need a new generation of hardware to navigate this forthcoming chapter,\" stated Pascal Gauthier, Ledger's CEO. blog post .
Over the years, Ledger's hardware wallets have adapted alongside the evolution of the web3 realm. Just last December, the company rolled out Ledger Stax, a cutting-edge touchscreen device enabling users to monitor their cryptocurrencies and NFTs.
In its ongoing development, the company aims to keep adding new cryptocurrencies, blockchain compatibility, services, and features into the Ledger Live app that interfaces seamlessly with Ledger's hardware wallet.
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