Share this article
Hardware Wallet Maker Ledger Nets $75 Million in Series B Funding
Ledger, the maker of hardware cryptocurrency wallets, has raised $75 million in Series B funding.
By Wolfie Zhao
Updated Sep 13, 2021, 7:23 a.m. Published Jan 18, 2018, 10:45 a.m.
Ledger, the France-based maker of hardware cryptocurrency wallets, has raised $75 million in Series B funding.
According to an announcement today, the new round was led by the U.K.-headquartered investor Draper Esprit, and also included Draper Venture Network, FirstMark Capital, Cathay Innovation, and Korelya Capital. Existing investors such as CapHorn Invest, GDTRE and Digital Currency Group also participated in the round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ledger said it plans to use the new cash primarily to scale its business amid the growth in the popularity of cryptocurrencies.
Eric Larcheveque, CEO of Ledger, commented:
"These funds will be used to keep investing significantly in R&D while scaling our operations and deploying our teams globally."
In the release, the company also said that it is developing a new storage solution for managing crypto assets, named the Ledger Vault. The product will be aimed at institutional investors such as banks and hedge funds.
Launched in 2014, Ledger offers a range of hardware wallets for storing cryptocurrency private keys. The new funding comes almost a year after the firm closed a $7 million Series A round in March 2017.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ledger.
Ledger wallet image via CoinDesk archives
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
Ano ang dapat malaman:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
