# Ledn

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

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.ledn.io
- Total disclosed funding: $103M
- Latest round: Series B (Dec 13, 2021)
- Investors on record: 14

## About

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. The company was co-founded by Adam Reeds and Mauricio Di Bartolomeo and is backed by investors including White Star Capital, Coinbase Ventures, Global Founders Capital, CMT Digital, and Kingsway. 

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. It also plans to raise a Series A round in the latter part of 2021.

## Funding rounds

- Series B, Dec 13, 2021, $70M — Susquehanna Capital, GoldenTree Asset Management, Raptor Capital Management, Ascendant Capital, White Star Capital, Global Founders Capital, FJ Labs, Coinbase Ventures, Kingsway Capital, Hashed Ventures, CMT Digital, 50T, ParaFi Capital
- Series A, May 26, 2021, $30M — Susquehanna Capital, White Star Capital, Global Founders Capital, Coinbase Ventures, Kingsway Capital, Hashed Ventures, CMT Digital, ParaFi Capital
- Seed, Jan 15, 2021, $2.7M — White Star Capital, Global Founders Capital, Coinbase Ventures, Kingsway Capital, CMT Digital, Darrow Holdings

## Investors

- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Seed, Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A, Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed, Series A, Series B
- Kingsway Capital (https://capitalatlas.ai/funds/kingsway-capital) — Seed, Series A, Series B
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed, Series A, Series B
- Darrow Holdings (https://capitalatlas.ai/funds/darrow-holdings) — Seed
- Susquehanna Capital (https://capitalatlas.ai/funds/susquehanna-capital) — Series A, Series B
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A, Series B
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A, Series B
- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Series B
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Series B
- Ascendant Capital (https://capitalatlas.ai/funds/ascendant-capital) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B
- 50T (https://capitalatlas.ai/funds/50t) — Series B