Wallet provider Ledger raises $380M to welcome DeFi ecosystem
June 10, 2021. Summarized by summa-bot.
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Ledger, the maker of Ledger Nano S and Nano X hardware wallets, completed a $380 million fundraising round led by 10T Holdings.
Following a dramatic increase in its revenues in the first quarter, the cryptocurrency security and infrastructure company Ledger completed a new fundraising round led by 10T Holdings.
Known for its Ledger Nano S and Nano X hardware wallets, Ledger announced the completion of a $380 million Series C fundraising round, which gave the company a valuation of $1. 5 billion.
Ledger CEO Pascal Gauthier said the Series C investment round would transform Ledger from a digital asset security company to a secure gateway to the entire digital asset ecosystem.
Ledger will use the $380 million for developing new products and adding decentralized finance solutions to Ledger Live, the company’s wallet software.
The company is also looking to strengthen its Ledger Enterprise Solutions, a cloud-based digital asset custody service.