The French Ledger seeks to raise “at least” $100m.
According to Bloomberg, the French crypto hardware wallet manufacturer Ledger is looking for additional funding following the firm’s Series C in June. Ledger raised $380 million in a financing round headed by 10T Holdings at the time, giving the company a post-money worth of about $1.5 billion.
The Ledger raised $380 million in June
Ledger sells the Nano S Plus and Nano X for $79 to $149 in June. These are non-custodial crypto hardware wallets that can store, transfer, and receive a variety of digital currencies. Ledger will raise $380 million in a round-headed deal by 10T Holdings in June 2021. As a result, its market capitalization reached $1.5 billion.
As a result, the company’s client data was released shortly afterward. The company took a significant hit. According to reports, fraudsters attempted to obtain consumers’ confidential seeds.
According to people close to the situation, the company’s business is expanding with a rising number of crypto investors who wish to hold their crypto assets.
What do people think?
Following recent liquidity issues at several crypto exchanges, many crypto investors have decided to keep their holdings rather than delegate them to third parties.
Furthermore, increased needs and demand for security are benefiting Ledger’s company. Ledger has also enabled the Cardano ecosystem to stay current, allowing users to manage 100 Cardano Native Tokens safely, quickly, and affordably through the Ledger Live App.
The Bloomberg study was released on July 30th. It was announced that Ledger intends to raise $100 million in a capital round to achieve greater value. According to the latest Straits Research, the Ledger is predicted to expand by $1.72 billion by 2030. According to Straits research, the Asian-Pacific area has the world’s largest market share of hardware wallets.
Ledger previously agreed to work with The Sandbox initiative to enhance cryptocurrency literacy among its users.
In June, the company announced a partnership with Cathay Innovation to build a €100 million crypto fund. Meanwhile, Ledger launched a corporate-focused NFT marketplace and Web3-services platform.
It is worth mentioning the fact that venture capital investment in crypto businesses fell by 31% from April to June, to $6.76 billion, compared to the first quarter. Analysts mentioned Terra’s demise, major issues at Celsius and Babel Finance, and personnel layoffs at Coinbase, Gemini, and Crypto.com.
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