In Series B funding French hardware cryptocurrency wallet creator, Ledger has managed to accumulate $75 million.
As today’s announcement states, the fresh round was led by the British-headquartered investor Draper Esprit. Additionally, it came with FirstMark Capital, Cathay Innovation, Draper Venture Network as well as Korelya Capital. A number of sponsors, including GDTRE and Digital Currency Group as well as CapHorn Invest joined the initiative too.
Ledger informed it’s geared up towards utilizing the new cash mostly to have its business scaled amid the surge in the popularity of digital currencies.
As CEO of Ledger, Eric Larcheveque stressed, the given finances are going to be employed to keep pumping funds at a decent level in R&D, simultaneously scaling their operations and also deploying their teams worldwide.
In the release, Ledger also told that it’s developing a fresh storage solution to manage crypto assets, dubbed the Ledger Vault. It’s going to deal with institutional investors, including hedge funds and banks.
Established in 2014, the company offers a rich array of hardware wallets to store cryptocurrency private keys.