Ledger Raises a Massive $380M at a $1.5B Valuation

pLedger the cold storage hardware crypto wallet maker announced its hugenbspa hrefhttpswwwcoindeskcomledgerseriescfundingm targetblank million series Cnbspaat a B valuation in anbspa hrefhttpswwwbusinesswirecomnewshomeenLedgercompletesamillionSeriesCfundraisingvaluingthecompanyatmorethanbilliontostrengthenitspositionastheleadingsecuregatewaytodigitalassets targetblankpress releaseanbsplast Thursday The round was led bynbspa hrefhttpstfundcom targetblankT Holdingsanbspa digital assets fund founded by wellknown macro investornbspa hrefhttpswwwlinkedincomindantapierobb targetblankDan Tapieroa The round saw participation from both new and old investors such as Tekne Capital Uphold Ventures Felix Capital Draper Associates DCG and more The funding will help Ledger expand its product offerings enterprise capabilities and potential international expansionppIn case some of our readers donrsquot already knownbspa hrefhttpswwwledgercom targetblankLedgerrsquosanbspmain offering is a hardware wallet that enables users to store and manage their digital assets offexchange Since its launch in the Parisbased company has played a pivotal role in supporting the growth of the cryptoasset ecosystem and has exploded alongside it To date Ledger has sold over million hardware wallets enables million people monthly to track and manage their assets using Ledger Live and secures aroundnbspa hrefhttpstechcrunchcomledgerraisesmillionforitscryptohardwarewallet targetblank of all crypto assetsanbspworldwideppldquoItrsquos a billion valuation that wersquove reached through this round but the reality is that our real target is a billion valuation and the reason why we think itrsquos going to be a billion valuation is that the marketrsquos going to be really hugerdquo explains Pascal Gauthier chairman amp CEO of Ledger to the Block ldquoComparing bitcoin to gold is fun but this market is going to be the whole value in the world going onto blockchain at one point the whole value in the world being tokenizedhellip Ledger is ideally and uniquely positioned to be that secure gateway to WebrdquoppWith fresh capital at hand the company has plans to bringnbspa hrefhttpswwwledgercomdecentralizedfinancedefi targetblankDeFianbspservices to its users through ledger live a game changer for many who would like to make the switch from online storage Ledger also looks to nearly double its human resources with hopes to hire an additional employees Additionally the company aims to focus on tailoring its services to nonEnglish speakersp