The leading cryptocurrency wallet maker, Ledger, announced it raised €100 million ($109 million) in a Series C extension funding round at a €1.3 billion ($1.4 billion) valuation.
True Global Ventures, Digital Finance Group, and VaynerFund are the new investors in Ledger’s Series C round.
Existing investors 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital, and Molten Ventures also participated.
Due to the strong investor interest in Ledger, a second closing is scheduled for mid-April and a third closing will probably happen soon after.
Pascal Gauthier, Chairman & CEO of Ledger, thanked Ledger’s long-term investors for their support and welcomed the new investors backing the company.
“These funds will accelerate our mission to bring a new generation of secure consumer devices to hundreds of millions exploring critical digital assets and blockchain-enabled technology,” he noted.
Last December, Ledger and Tony Fadell launched the Ledger Stax hardware wallet with an aim to modify the Stax and shape it into a more stylish and functional device than the Nano S.
Following the funding round, Gauthier noted in a blog post: “Rest assured that uncompromising security will always be at the heart of our products. Ledger Stax is built with the world-class expertise of the Donjon team, our ‘attack lab’ constantly looking for vulnerabilities.”
