Hardware wallet maker Crypto Ledger is currently in talks to raise at least $ 100 million. If this new round is completed, the French firm’s valuation could far exceed the estimated $ 1.5 billion during the latest funding round.
Ledger seeks to complete a new funding round
The Ledger Unicorn is on the rise. According to Bloomberg, she would try to do that raise another $ 100 million after its phenomenal Series C funding round operated last year for an amount of 380 million dollars.
A company in these times of depressed cryptocurrency market, but which is easily explained. In fact, while many companies in the sector are grappling with liquidity problems, forcing them to take measures that directly affect the free disposal of funds, their users are turning to solutions for the self-custody of their assets. The “Not your keys, not your cryptocurrencies” takes on its full meaning.
A healthy trend in the face of the succession of companies that often adopt the suspension of cryptocurrency withdrawals held on their platforms or worse yet.
The French unicorn puts the turbo
Done, Ledger, already a market leader in protecting around 15% of all cryptocurrencies globally, having sold over 5 million hardware wallets in 190 countries, is largely benefiting from the failures of centralized platforms.. The company has also turbo-charged its operations in recent months. In a few months, the giant has concluded a collaboration with the FTX exchange, launched its marketplace dedicated to NFTs and its first live yield app. It has also started the beta phase of its “Ledger Connect”, a browser extension that allows you to connect hardware wallets directly to Web applications3..
Of course, the tricolor jewel of the cryptographic guard is progressively extending its empire. It is no longer content with simply manufacturing and selling its range of nano wallets. He builds a real ecosystem around its flagship product.