Ledn

Financial ServicesSeries BToronto, Canadaledn.io

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Latest round: Series B
Last raised: Dec 2021
Total raised: $103M
Investors: 14

About Ledn

Based in Toronto, Canada, and founded in 2018, Ledn Inc. is a developer of financial products designed to help people save in digital assets. The company offers Bitcoin and US Dollar Coin (USDC) savings accounts and Bitcoin-backed loans. Ledn consists of products such as Save, Borrow, and B2X. Save provides Bitcoin and USDC Savings Accounts where interests are also paid in Bitcoin and in USDC. Borrow is a bitcoin-backed loan that helps customers to access dollars without selling their bitcoin. B2X is a service that allows users to double their bitcoin holdings through a Ledn Bitcoin-backed Loan and a bitcoin purchase. The company’s revenue is generated by the interest income earned in USDC and Bitcoin-backed loans and deposits. Ledn plans to increase its team and hire 20 additional roles.

Who invested in Ledn

14 investors across 3 rounds

See all investors in Ledn

Funding rounds

Series B
Dec 13, 2021
Amount
$70M
Investors
Locked
Series A
May 26, 2021
Amount
$30M
Investors
Locked
Seed
Jan 15, 2021
Amount
$2.7M
Investors
Locked

Questions about Ledn

Who invested in Ledn?

Ledn has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Ledn raised?

Ledn has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Ledn last raise money?

Ledn's most recent round on record is a Series B, in Dec 2021.

What does Ledn do?

Based in Toronto, Canada, and founded in 2018, Ledn Inc.

Where is Ledn headquartered?

Ledn is headquartered in Toronto, Canada.

Which VCs invest in companies like Ledn?

Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Ledn's stage. Their profiles are linked below.

VCs backing financial services startups at Series B

Radical VenturesCanada · Cheque $4.1M–$28.4M$2B dry powder Ribbit CapitalUS · Cheque $125K–$28.3M$1.5B dry powder TrueBridge Capital PartnersUS · Cheque $1.2M–$10.3M$1.2B dry powder Tribe CapitalUS · Cheque $128.5K–$2.4M$827.6M dry powder SV AngelUS · Cheque $314K–$3.2M$803.7M dry powder Caffeinated CapitalUS · Cheque $100K–$2.5M$650.7M dry powder

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