- Hardware wallet maker Ledger raised bulk of €100m funding round at first close.
- FTX collapse and crypto hacks make users wary of online platforms, boosting demand for secure hardware wallets.
- Ledger valued at €1.3bn, will use funds to grow business by expanding network of distributors, boosting production, and developing products.
- Company stores more than 20% of world's cryptocurrencies and 30% of world's NFTs.
- New investors include True Global Ventures, Cité Gestion SPV, Digital Finance Group, and VaynerFund.
Crypto Wallet Maker Ledger Locks In Bulk of €100 Million Funding Round
Ledger, a startup making hardware “wallets” for crypto investors to store their digital assets, has raised the bulk of its €100 million ($109 million) funding round at first close as it benefits from turmoil elsewhere in the industry.
Anna Irrera
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