Share this article
Hardware Wallet Maker Ledger Gets $380M in Series C Funding Round
Funding will go towards furthering innovation of its hardware products and expanding its enterprise capabilities.
Updated Sep 14, 2021, 1:09 p.m. Published Jun 10, 2021, 5:47 a.m.
Hardware wallet maker Ledger has just closed a massive Series C funding round led by digital asset fund 10T Holdings. The Paris-based company raised $380 million, according to a press release on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ledger's funding round also garnered support from Cathay Innovation, Draper Associates, DCG (the parent company of CoinDesk), Korelya Capital and Wicklow Capital, among others.
The Series C raise places Ledger with an implied valuation of more than $1.5 billion, marking the company's rapid and accelerating growth, according to the release.
Funding will go towards furthering innovation of its hardware products, providing new services for decentralized finance solutions, and expanding its enterprise capabilities.
See also: Developer of China’s Blockchain-Based Service Network Gets $30M in Series A Funding
Ledger's previous raises came by way of a $7 million Series A funding round in 2017 and a further $75 million via a Series B in 2018.
10T Holdings was launched as a $200 million fund by investor and entrepreneur Dan Tapiero earlier this year in a bid to capture new capital from institutional investors.
"We believe Ledger is the premier security company and premier brand name in the cryptocurrency/blockchain space," said Tapiero who simultaneously announced in the release that he would be joining Ledger's board.
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.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
