Crypto Wallet Hardware Maker Ledger Seeks $100M at $1.5B Valuation: Report
Ledger, a French hardware developer for physical cryptocurrency wallets, is looking to raise $100 million, which will increase its current valuation of $1.5 billion, Bloomberg has learned.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
The financial terms of the deal remain unknown as the discussion is still in progress. Sources close to the matter said that the reason for the new funding is in Ledger’s business model as the Paris-based company wants to grow its supply with an increasing number of crypto investors.
Ledger Launches an NFT Marketplace
In June last year, Ledger raised $380 million at a valuation of more than $1.5 billion. The round was led by 10T Holdings, with participation of Cathay Innovation, Draper Esprit, Wicklow Capital, Uphold Ventures, Felix Capital and others.
Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange