It was at the beginning of April 2021 when Ledger had reported that it had experienced a significant increase in its revenues. The major wallet provider revealed that it had generated very high revenues in the first quarter of 2021.
Ledger is a major infrastructure and cryptocurrency security company that has observed tremendous growth since the crypto-boom. Just recently, Ledger had launched a fundraising round in order to generate funds for extensive developments.
The firm has revealed that 10T Holdings is the firm that has led the fundraising round for Ledger. Ledger has gained tremendous growth and adoption rate for its hardware wallets. The names of its most adopted and popular wallets include Ledger Nano X and Ledger Nano S.
Ledger has confirmed that it has successfully concluded its fundraising round that belongs to Series C. From the Series C fundraising round, Ledger has managed to generate funds of around $380 million. After the completion of the Series C fundraising round, Ledger now has a market capitalization of $1.5 billion.
Ledger’s Series C fundraising round also witnessed the partnership of firms that participated in the firm’s Series B fundraising round. The firm has revealed that the names of the firms were Wicklow Capital, DCG, Draper Esprit, Draper Dragon, Draper Associates, and Cathay Innovation.
Ledger has also revealed that new firms also contributed to the latest Series C fundraising round. Their names include iAngels Technologies, Financiere Agache, Felix Capital, Uphold Ventures, and Tekne Capital.
Pascal Gauthier, the Chief Executive Officer of Ledger has shared what the funds from the Series C fundraising round would help them achieve. Gauthier stated that with the funds raised through the round, they will be taking the services and infrastructure of their platform to the next level.
With the help of the raised funds, Ledger would no longer remain a digital asset security company. The funds would help Ledger evolve into a secure gateway. The digital asset ecosystem would be able to use the secure gateway to its fullest extent.
He stated that with the passage of time, the industry is gaining tremendous attention and adoption from the mainstream industry. Over time, the industry has been gaining more attention from the mainstream industry and more investors are coming to this platform.
The cryptocurrency industry has all the potential and resources to become an alternative to the financial sector. The industry is also reshaping the financial sector and is set to become the most beneficial sector for any kind of investors.
Gauthier stated that the $380 million funds would help it significantly in developing and introducing new products. The funds would also aid Ledger Live in adding a decentralized finance solution for the users.