Crypto hardware wallet maker Ledger seeks $100 million capital raise – Bitcoin News

The French crypto hardware wallet manufacturer Ledger is seeking to raise fresh capital after raising $380 million in June 2021, according to people familiar with the matter. Hardware portfolio company Ledger is reportedly looking to raise at least $100 million from strategic investors.

Crypto hardware wallet maker ledger is said to be looking to raise $100m in funding

According to Bloomberg, the French manufacturer of crypto wallets Arbitrage It is seeking more funds after the company’s Series C last June. At the time, Ledger raised $380 million in a round led by 10T Holdings, and subsequently awarded Ledger a valuation of about $1.5 billion.

Founded in 2015 by Éric Larchevêque and Thomas France, Ledger has established itself as one of the top manufacturers of crypto hardware wallets worldwide. Ledger competes with other popular crypto hardware wallet makers such as Trezor, Ellipal, Coolwallet, Safepal and Coinkite.

The Report Posted on July 30 says “people familiar with the plans” said Ledger was “in talks to raise at least $100 million in a funding round that would give him a higher valuation”. Ledger’s Jillian Tan, Hannah Miller, Anna Errera and Olga Khareef have reached out to Ledger and the company declined to comment on the alleged funding round.

Research indicates that the crypto hardware wallet market is expected to grow to $1.72 billion by 2030

Ledger sells a file Nano S Plus and the nano x Hardware wallets series priced between $79 and $149 before taxes. Both wallets are non-secure crypto hardware wallets that can store, send and receive dozens of digital currencies. Ledger’s virtual capital raised talks by $100 million in the wake of recent Straits Research Report This indicates that the hardware wallet market is expected to grow to $1.72 billion by 2030.

Market intelligence firm Straits Research says the Asia Pacific region shows the highest market share of hardware wallets worldwide, and the highest expected growth potential stems from the region as well. While Ledger enjoyed a capital injection of $380 million in June 2021, that summer the company suffered a backlash caused by several leaks of information linked to customer data. At that time, the crooks were It said Attacking existing Ledger agents to steal their own seeds.

Since then, the company has continued to expand, and last week, Ledger Live, the company’s original program added Cardano (ADAToken support with the ability to manage 100’s of Cardano-based tokens. ADA support was outlet In June this month, France-based hardware wallet maker inserted Colorful wallets from the Nano S Plus and Nano X series. The new color names have been chosen by the community and include “Mystic White, BTC Orange, deep blue, ice, cosmic purple, fiery orange. “

Tags in this story

$1.5 billion, $1.5 billion after valuation, 100 million, 2030, Bloomberg Report, Color Ledger Wallets, CoolWallet, ellipal, Eric Larchevêque, Hardware Wallet Manufacturer, Hardware Wallet Market, Ledger, Ledger Capital Raise, Ledger Funding, Ledger Hardware Wallet, Ledger Raise, hardware wallets market share, Nano S Plus. Nano X, Savebal, seeks $100 million, Strait Research, Thomas France, Tresor

What do you think of the report claiming that Ledger is looking to raise $100 million from investors? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for News about the disruptive protocols emerging today.

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