Ledger raises $380 million for its crypto hardware wallet
French startup Ledger has raised a $380 million Series C funding round led by 10T Holdings. Following today’s funding round, the company has reached a valuation of $1.5 billion.
Other investors in the funding round include existing investors Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital and Wicklow Capital. Some new investors are joining the round, such as Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache and iAngels Technologies.
Ledger’s main product is a hardware wallet to manage your crypto assets. They are shaped like USB keys and feature a tiny screen to confirm transactions on the device. The reason why that screen is important is that your private keys never leave your Ledger device.
Ledger has finished a $380 million series C funding round, the third largest in crypto and blockchain history. The money will be used towards product upgrades and a new services platform.
Click HERE to find out ⭐ 10T Leads $380 Million Funding of Ledger, Draper Esprit Joins Round. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Hub71 and ADIO enter deal to grant Dhs10 million to startups
an hour ago The Outliers is an annual initiative, led by Hub71 in partnership with key corporate and government partners, designed to solve their operational challenges. Hub71, Abu Dhabi’s global tech ecosystem, and the Abu Dhabi Investment Office (ADIO) have partnered to support early-stage tech startups in growing their teams and scaling their businesses with the purpose to generate societal impact.
The partnership complements Hub71’s new programme, ‘The Outliers’, enabling startups from around the world to collaborate with leading corporations and government agencies in Abu Dhabi to solve their operational challenges. Startups worldwide have until Thursday, 1st July to apply for the programme.