# Ledger

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ledger

- Industry: Hardware
- Headquarters: Paris, France
- Website: www.ledger.co
- Total disclosed funding: $536M
- Latest round: Series C (May 22, 2023)
- Investors on record: 33

## About

Based in Paris, France, and founded in 2014, Ledger SAS develops hardware wallet technology for crypto-asset security. Pascal Gauthier is the current CEO of the company. The company has around 200 employees globally as of June 2021. Ledger has raised around USD 83 million raised since 2014. In June 2021, the company raised USD 380 million in series C funding led by 10T, with participation from other new investors.

The company develops ledger hardware wallets which include the Ledger Nano X and Ledger Nano S. The company’s hardware wallets help keep users’ crypto assets secure. The hardware wallets can secure, store and manage over 1800+ crypto assets. The company also offers a Ledger Live application that lets users buy, sell, exchange, stake, lend and manage 27 coins & more than 1500 tokens directly from their smartphone or computer.

The company generates revenue by pricing its hardware wallets and accessories. The wallets include Ledger Nano X (EUR 120.32) and Ledger Nano S (EUR 59.66). The wallets are also available in starter and family packages.

Following the series C funding in June 2021, the plans to use the funding to expand its operational and geographic footprint, innovate hardware products, add new transactional services to Ledger Live such as decentralized financial solutions, and invest in its proprietary operating system.

## Funding rounds

- Series C, May 22, 2023, $78M — Molten Ventures, Morgan Creek Capital Management, Cathay Capital, True Global Ventures, Cap Horn, Korelya Capital, Digital Finance Group, 50T, Vaynerfund
- Series C, Jun 10, 2021, $380M — Molten Ventures, Cathay Capital, Aglae Ventures, Digital Currency Group, Draper, Wicklow Capital, Felix Capital, Korelya Capital, Tekne Capital Management, Uphold, Inc., Inherent, iAngels, Draper Dragon Fund, 50T
- Series B, Apr 3, 2019, $2.9M — Samsung Venture Investment
- Series B, Jan 18, 2018, $68M — Molten Ventures, Cathay Capital, FirstMark Capital, Cap Horn, Boost VC, Draper
- Series B, May 4, 2017, $5.9M — XAnge, Libertas Capital Partners, Kima Ventures, The Whittemore Collection Ltd., Cap Horn, Serenity Capital Management, Club Italia Investimenti, MAIF, Digital Currency Group Inc., GDTre SAS
- Series A, Apr 21, 2015, $1.4M — XAnge, Alain Tingaud Innovations, Hi Media

## Investors

- XAnge (https://capitalatlas.ai/funds/xange) — Series A, Series B
- Alain Tingaud Innovations — Series A
- Hi Media — Series A
- Libertas Capital Partners (https://capitalatlas.ai/funds/libertas-capital-partners) — Series B
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series B
- The Whittemore Collection Ltd. — Series B
- Cap Horn (https://capitalatlas.ai/funds/cap-horn) — Series B, Series C
- Serenity Capital Management — Series B
- Club Italia Investimenti — Series B
- MAIF — Series B
- Digital Currency Group Inc. — Series B
- GDTre SAS — Series B
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series B, Series C
- Cathay Capital — Series B, Series C
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series B
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Series B
- Draper (https://capitalatlas.ai/funds/draper) — Series B, Series C
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series B
- Aglae Ventures (https://capitalatlas.ai/funds/aglae-ventures) — Series C
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series C
- Wicklow Capital — Series C
- Felix Capital (https://capitalatlas.ai/funds/felix-capital) — Series C
- Korelya Capital (https://capitalatlas.ai/funds/korelya-capital) — Series C
- Tekne Capital Management — Series C
- Uphold, Inc. — Series C
- Inherent (https://capitalatlas.ai/funds/inherent) — Series C
- iAngels (https://capitalatlas.ai/funds/iangels) — Series C
- Draper Dragon Fund — Series C
- 50T (https://capitalatlas.ai/funds/50t) — Series C
- Morgan Creek Capital Management — Series C
- True Global Ventures (https://capitalatlas.ai/funds/true-global-ventures) — Series C
- Digital Finance Group (https://capitalatlas.ai/funds/digital-finance-group) — Series C
- Vaynerfund (https://capitalatlas.ai/funds/vaynerfund) — Series C