Companies news

Ledger raises $380 million to make digital assets more secure and accessible to everyone

Ledger completes a series C fundraising to strengthen its position as the leading secure gateway to digital assets

Ledger, the leading secure gateway for digital assets, today announced a $380 million Series C round, led by 10T Holdings, with strong support 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), iAngels Technologies. The Series C fundraising means that Ledger has an implied valuation of more than $1.5 billion, marking its rapid and accelerating growth.

Ledger is the market-leading secure gateway for investors looking to access the world of digital assets securely. 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 digital assets security solution for financial institutions, Ledger Enterprise Solutions.

Ledger already secures an estimated 15% of all cryptocurrency assets globally, and as a trusted leader, it is uniquely positioned to capitalize on the hypergrowth of digital assets as they become increasingly mainstream. Ledger has sold more than 3 million hardware wallets in 190 countries to date, and has more than 1.5 million monthly users on Ledger Live. Ledger is led by Chairman and CEO Pascal Gauthier, who has significant experience building multi-billion dollar value technology companies.

Pascal Gauthier, Chairman and CEO of Ledger, said:

At Ledger, we see new institutions stepping into the crypto space every day and more people interacting with digital assets in their daily lives. We 300 strong (and growing) and proud to be a part of this movement for seven years now. Since 2014, we have sold more than 3 million hardware wallets in 190 countries and have more than 1.5 million monthly users on Ledger Live.

Today we’re excited to share highlights from our latest fundraising round, which we will use in our mission to deliver the best secure gateway for mainstream access to digital assets and the entire blockchain ecosystem.

What this investment means for Ledger and our community

The Series C investment will allow us to:

• Further innovate our hardware products, including new products in the pipeline.
• Add new transactional services to Ledger Live such as decentralized finance solutions.
• Integrate new third-party services through ongoing development of our proprietary OS.
• Strengthen our capacity to support businesses through Ledger Enterprise Solutions.

We will execute these plans globally, as we continue to expand our operational and geographic footprint.

Where we go from here.

We expect to see the ecosystem diversify beyond cryptocurrencies to include NFTs, real estate, and other forms of value that can be shifted onto the blockchain.  

As we look to the future, we see ourselves as the secure gateway to this growing ecosystem. Our goal is to empower users to buy, sell, swap, borrow, and lend digital assets through the Ledger Live platform, which— when combined with our hardware— offers best-in-class security and a seamless user experience.

The results of our Series C round bring us one step closer to this vision. We are excited to watch our global community grow and help people around the world begin their investment journey with confidence that their digital assets are secure.

About Ledger:

Founded in 2014 Ledger is the all-in-one digital asset management solution serving retail and institutional clients in 200 countries. Headquartered in Paris, with offices in New York, Singapore, London and Vierzon, Ledger has a team of over 360 professionals. From inception, Ledger has become the de-facto standard for securing digital assets through its lineup of hardware wallet devices.
Launched In 2020, the Ledger-Live platform allows users to trade, swap, and lend all on one secure platform, making it one of the securest platforms for investors to
begin their crypto journey.