Ledger Raised $75 million in Series B Funding
January 19, 2018
French hardware cryptocurrency wallets maker Ledger has raised $75 million in Series B funding which is almost 11 times more than in the amount raised through Series A.
Ledger officials say that the company will use these investments to scale up its business, since the popularity of cryptocurrencies is continuing to grow.
The company also says that it is developing a new storage solution for better managing of cryptocurrency assets. This solution will be called Ledger Vault. The project is aimed at meeting demands of institutional investors, such as hedge funds and banks.
Ledger was launched in 2014. The company is offering a range of hardware wallets that can store private cryptocurrency keys. Series A of funding was finished in March 2017, and a total of $7 million was raised at the time.