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Crypto firm Ledger becomes fintech unicorn with $380m round

Ledger estimates it has a 15 per cent market share in securing all cryptocurrency assets globally, having sold more than 3 million hardware wallets in 190 countries.

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Ledger, a crypto infrastructure provider, has raised a $380 Series C funding round. 

The new cash, which values the company at  $1.5bn and pushes it into the ‘unicorn’ bracket, came from Draper Esprit among others. Draper also backed Ledger’s Series B round in 2018 which netted €61m. It will be used to launch a raft of new services including a decentralised finance solution, and significantly expanding its enterprise capabilities.

Ledger, founded in 2014 in Paris, provides wallets for digital assets as well as a cryptocurrency management platform and a security solution for financial institutions.

The company says it secures an estimated 15 per cent of all cryptocurrency assets globally having sold more than 3 million hardware wallets in 190 countries to date. 

Pascal Gauthier, Ledger CEO, says the crypto market is “fast becoming mainstream and reshaping the entire financial sector and beyond.” 

“This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem, he said.

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