Ledger hits $1.5bn valuation after Series C close

Ledger, an all-in-one digital asset management platform, has hit a $1.5bn valuation after the close of its Series C on $380m.

Draper Esprit, a venture capital firm aimed at high-growth technology companies, served as the lead investor.

With the round closed, the company hopes to extend its position in cryptocurrency security and services to offer a secure gateway to the entire digital asset ecosystem. Funds have been earmarked to deepen its hardware products, add new transactional services, such as decentralised finance, and expand its product capabilities.

Furthermore, Ledger hopes to enhance its operating system so it can integrate new third-party systems.

Ledger enables investors to safely access digital assets, with products including hardware wallets and crypto management.

It claims to secure around 15% of all cryptocurrency assets globally. Ledger also states it has sold over three million hardware wallets in 190 countries.

Ledger CEO Pascal Gauthier said, “This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem.

“This industry is fast becoming mainstream and reshaping the entire financial sector and beyond. Our products are designed to give users maximum control over their digital assets and provide unparalleled protection against cyber-attacks. We are well-positioned to become the secure gateway to the digital asset world with the potential to integrate our services into nearly every feature of the digital asset ecosystem.”

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