Ledger enters the exclusive club of French unicorns
Dedicated to cryptocurrency, the startup has joined the ranks of French unicorns after raising US$380 million
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.