Ledger Completes 100 Million Euro Financing Round

It is reported that Ledger, a hardware wallet, completed a financing of 100 million euros ($109 million), with a financing valuation of 1.3 billion euros. New investors, such as True Global Ventures, Cit é Geston SPV, Digital Finance Group, and Vayner Fund, as well as existing investors, such as 10T, Cap Horn, Morgan Creek, and Cathay Innovation, participated in the financing, with Goldman Sachs Bank Europe SE serving as the exclusive placement agent, and Jones Day serving as legal counsel.

Hardware wallet Ledger completed € 100 million financing with a valuation of € 1.3 billion

Introduction

Ledger, a hardware wallet manufacturer, recently announced the completion of its latest financing round, with a value of 100 million euros and a valuation of 1.3 billion euros. This article will explore the details of the financing round, including the investors involved and the role of Goldman Sachs Bank Europe SE and Jones Day.

Overview of the Financing Round

Ledger’s latest financing round saw a total investment of 100 million euros, with participation from both new and existing investors. Among the new investors were True Global Ventures, Cit é Geston SPV, Digital Finance Group, and Vayner Fund, while existing investors included 10T, Cap Horn, Morgan Creek, and Cathay Innovation.
Goldman Sachs Bank Europe SE acted as the exclusive placement agent for the financing round, while Jones Day provided legal counsel.

Significance of the Financing Round

The significant financing round for Ledger is a testament to the growth and potential of the hardware wallet market. As cryptocurrencies continue to gain mainstream adoption, the need for secure storage solutions becomes increasingly important. Hardware wallets offer a level of security that software wallets cannot match, and Ledger is widely considered to be one of the leading hardware wallet manufacturers in the industry.
With the new funds raised, Ledger can continue to invest in research and development, innovate new products, and expand its reach into global markets.

Investor Profiles

True Global Ventures

True Global Ventures is a venture capital firm that invests in startups with a focus on technology, media, and telecommunications.

Cit é Geston SPV

Cit é Geston SPV is a venture capital firm that invests in early-stage startups in a variety of industries.

Digital Finance Group

Digital Finance Group is a blockchain-based investment platform that specializes in cryptocurrency and blockchain-related projects.

Vayner Fund

Vayner Fund is a venture capital firm founded by Gary Vaynerchuk that invests in a diverse range of startups, including technology, media, and e-commerce.

10T

10T is a venture capital firm that invests in startups focused on blockchain technology and cryptocurrency.

Cap Horn

Cap Horn is a venture capital firm that invests in startups in the technology, media, and telecommunications industries.

Morgan Creek

Morgan Creek is a global investment manager that specializes in alternative investments, including blockchain technology and digital assets.

Cathay Innovation

Cathay Innovation is a global venture capital firm that invests in startups in the technology, media, and telecommunications industries, with a focus on Asia and Europe.

Conclusion

The completion of Ledger’s newest financing round, valued at 100 million euros, represents a significant milestone for the hardware wallet manufacturer. With participation from a diverse range of investors, including both new and existing stakeholders, Ledger can continue to innovate and expand in the growing blockchain and cryptocurrency markets.

FAQs

Q: What is a hardware wallet?
A: A hardware wallet is a type of cryptocurrency wallet that stores private keys on a physical device.
Q: Who are some of the major investors in Ledger’s latest financing round?
A: Major investors in the round include True Global Ventures, Cit é Geston SPV, Digital Finance Group, Vayner Fund, 10T, Cap Horn, Morgan Creek, and Cathay Innovation.
Q: What is the role of Goldman Sachs Bank Europe SE and Jones Day in the financing round?
A: Goldman Sachs Bank Europe SE acted as the exclusive placement agent for the financing round, while Jones Day provided legal counsel.