Golden group! Hardware wallet maker Ledger has closed a titanic Series C funding round led. The Paris based company has raised $380 million, marking its rapid and accelerating growth.
According to the press release that went live on Thursday, the company aims to direct funding towards further innovation of its hardware products and expanding its enterprise capabilities, as well as providing new decentralized finance solutions.
The Series C raise places Ledger with an implied valuation of more than $1.5 billion.
Led by digital asset fund 10T Holdings, a venture from investors and entrepreneur Dan Tapiero earlier this year, the funding round also garnered support from Cathay Innovation, Draper Associates, DCG, Korelya Capital, and Wicklow Capital, among others.
Tapiero commented on this, while simultaneously announcing that he would be joining Ledger’s board:
“We believe Ledger is the premier security company and premier brand name in the cryptocurrency/blockchain space.”
Ledger is no stranger to massive funding.
The company starting things with a raise of $7 million in Series A funding back in 2017, and a further $75 million via a Series B funding round in 2018.
Known for its innovative hardware cryptocurrency wallets that lets investor secure assets like Bitcoin, Ethereum, XRP, Monero, and more, Ledger saw daylight in 2014. Having branched into digital asset security firm, the firm now also develops security and infrastructure solutions for cryptocurrencies.
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