Manufacturer hardware cryptocurrency wallets Ledger received $ 75 million to expand production in one of the largest venture capital investment in the industry today. The funds were received in the funding round series B, under supervision of the Fund Draper Esprit.
Earlier Ledger had already received 7 million dollars in series A in March 2017 to build a new factory in China. The last round attracted additional financing from the funds of the Draper Venture Network, Firstmark Capital, Cathay Innovation, Korelya Capital, Caphorn Invest, and Gdtre Digital Currency Group.
Cryptocurrency billionaire Tim Draper (Tim Draper) said:
«Ledger makes the storing of cryptocurrency is more secure than storing money in the Bank. We see that on all continents there is the flourishing digital currency, so some of the funds Draper Network from Silicon valley, Europe and Asia came together to Finance Ledger and providing assistance for global development».
Ledger was founded in 2014 by a team of eight people and now employs 82 people in San Francisco, Paris and Vierzon. The company, which expresses its profitability, claims to have sold over a million cryptocurrency wallets in 165 countries. Ledger is also about to launch a new solution for financial institutions — Ledger Vault, which will allow banks, hedge funds and family investment firms to manage their cryptocurrency assets.
The Ledger President Eric Lausevic (Eric Larchevêque) said:
«We have developed a hardware wallet startup Ledger of the blockchain revolution. Three years later and with the last round of Serie B we have achieved important milestones on our way to creating a technological giant in a promising cryptocurrency space. These funds will be used for investment in research and development. We will scale our operations and expand its team around the world.»