Ledger Valued At USD 1.5B, Plans DeFi Solutions, Own Operating System

Source: ledger.fr

France-based main producer of crypto {hardware} pockets Ledger stated it has “bold plans” in DeFi and different new companies because it raised USD 380m, valuing the corporate at greater than USD 1.5bn.

“The Series C fundraising will enable Ledger to appreciate these bold plans by additional innovating its {hardware} merchandise, giving entry to new transactional companies by way of Ledger Live akin to Decentralized Finance options, and considerably increasing its enterprise capabilities,” the corporate said in the present day, including that it’s going to additionally spend money on its proprietary Operating System, that may enable integrating new third-party companies.

The newest Series C spherical was led by Dan Tapiero’s 10T Holdings, with help from present buyers together with Cathay Innovation, Draper Esprit, Draper Associates, and others.

The firm estimates it secures 15% “of all cryptocurrency property globally.” Ledger stated it has offered greater than 3m {hardware} wallets in 190 nations thus far, and has greater than 1.5m month-to-month customers of its app, Ledger Live.

“This Series C announcement marks the transition of Ledger from the main digital asset safety firm to changing into the safe gateway to the whole digital asset ecosystem. This trade is quick changing into mainstream and reshaping the whole monetary sector and past,” Ledger’s CEO Pascal Gauthier was quoted as saying within the announcement.

The firm raised USD 8.3m in a Series A spherical in March 2017 and USD 75m in a Series B spherical in January 2018.
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