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Ledger closes $109 million investment round

The hardware wallet company Ledger has secured a US$109 million funding round and is expected to secure two more financings this year.

By Finst News
• 1 min read
Ledger closes $109 million investment round

The hardware wallet company Ledger has secured a US$109 million funding round and is expected to do two more financings this year. The company announced this yesterday, March 30.

The funds will be used to optimize wallet production and expand further. According to Bloomberg, the French company plans a second and third financing round in April due to strong investor interest.

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Despite the regulatory uncertainty in the digital assets sector, Ledger is expanding. According to CryptoPotato, the company now holds almost a 20 percent share of the worldwide hardware wallets market.

By using hardware wallets, users can keep their coins themselves.

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