Ledger enters the exclusive club of French unicorns

Emmanuel Macron’s ambition to have 25 unicorns by 2025 seems well underway. The startup Ledger has announced that it has joined this exclusive group by raising US$380 million from numerous investors with an estimated value of more than US$1.5 billion.

Founded in 2014, the company has established itself as a global leader for cryptocurrencies and French Tech. It specializes in digital wallets, focusing on the management and security of cryptocurrencies.

“With this Series C fundraiser, Ledger, which is growing and profitable, will be able to consolidate its leadership position in securing crypto-assets to become the benchmark management platform for the entire crypto-asset ecosystem,” the group wrote in its press release. “We expect to see the ecosystem diversify beyond cryptocurrency to include non-fungible tokens (NFTs), real estate and other types of assets that could be converted into blockchain,” it added.

Ledger claim to secure around 15% of all cryptocurrencies globally and has sold over three million hardware wallets in 190 countries. Its Ledger live app has over 1.5 million monthly users.