How Much Did Ledger Raise? Funding & Key Investors

Date
February 24, 2025
Ledger

Total amount raised

$83.5 Millions

Latest funding date

January, 2018

Ledger

Location

Title

LINKEDIN

https://www.ledger.fr
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Ledger has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in providing security and infrastructure solutions for critical digital assets, including cryptocurrencies and blockchain applications.

Keep reading to explore the intricacies of Ledger's fundraising journey and the investors backing this innovative platform.

What Is Ledger?

Founded in 2014, Ledger is headquartered in Paris, France, with additional facilities in Vierzon and offices in San Francisco. The company was established by David Balland, Eric Larchevêque, Joel Pobeda, Nicolas Bacca, and Thomas France.

Ledger specializes in developing security and infrastructure solutions for cryptocurrencies and blockchain applications. Their product lineup includes hardware wallets, a companion app for managing digital assets, and a service for recovering access to crypto wallets.

With a workforce of 501-1000 employees, Ledger has rapidly grown to become a leader in the market, providing critical digital asset security for both consumers and institutional investors.

How Much Funding Has Ledger Raised?

  1. Pre-Seed Round
    • Amount Raised: Not publicly disclosed
    • Date: March 2013
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: Initial funding to develop the core technology and business model.
  2. Seed Round
    • Amount Raised: €1.3M
    • Date: February 2015
    • Lead Investors: XAnge
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To build the first prototypes and start initial market testing.
  3. Grant
    • Amount Raised: €1.4M
    • Date: September 2015
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support research and development activities.
  4. Series A
    • Amount Raised: $7M
    • Date: March 2017
    • Lead Investors: MAIF Avenir
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale production and expand market reach.
  5. Series B
    • Amount Raised: $75M
    • Date: January 2018
    • Lead Investors: Molten Ventures
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance product offerings and expand globally.
  6. Venture Round
    • Amount Raised: $2.9M
    • Date: April 2019
    • Lead Investors: Samsung Ventures
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To integrate advanced security features and collaborate with strategic partners.
  7. Series C
    • Amount Raised: $380M
    • Date: June 2021
    • Lead Investors: 10T Holdings
    • Valuation at Round: $1.5 billion
    • Motivation Behind the Round: To scale operations and enhance product development.
  8. Series C Extension
    • Amount Raised: €100M
    • Date: March 2023
    • Lead Investors: Molten Ventures
    • Valuation at Round: €1.3 billion
    • Motivation Behind the Round: To improve user experience and expand service offerings.
  9. Secondary Market
    • Amount Raised: Not publicly disclosed
    • Date: June 2023
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide liquidity for early investors and employees.

Total Amount Raised: $574.2M

Current Valuation: €1.3 billion

Key Investors

  • Molten Ventures
    • Details: Molten Ventures is a leading European venture capital firm that invests in high-growth technology companies. They have a strong track record of supporting innovative startups across various sectors.
    • Investment Focus Areas: Technology, innovation, high-growth startups
    • Notable Investments: Trustpilot, Revolut, UiPath
  • 10T Holdings
    • Details: 10T Holdings is a growth equity firm that focuses on private companies operating in the digital asset ecosystem. They aim to support the most promising companies in the blockchain and cryptocurrency space.
    • Investment Focus Areas: Digital assets, blockchain technology, cryptocurrency
    • Notable Investments: Kraken, eToro, Figure
  • Samsung Ventures
    • Details: Samsung Ventures is the venture capital arm of Samsung Group, focusing on investments that align with Samsung's strategic interests. They support innovative companies across various technology sectors.
    • Investment Focus Areas: Technology, semiconductors, digital health
    • Notable Investments: Graphcore, Matterport, Syntiant
  • XAnge
    • Details: XAnge is a European venture capital firm that invests in early-stage startups. They focus on companies that are driving digital transformation and innovation.
    • Investment Focus Areas: Digital transformation, fintech, healthtech
    • Notable Investments: Ledger, Lydia, Believe
  • True Global Ventures
    • Details: True Global Ventures is a venture capital firm that invests in serial entrepreneurs in the tech sector. They have a strong focus on blockchain technology and digital assets.
    • Investment Focus Areas: Blockchain technology, digital assets, tech startups
    • Notable Investments: Animoca Brands, Ledger, The Sandbox

What's Next for Ledger?

Ledger stands at the cusp of significant opportunities, driven by the increasing global adoption of cryptocurrencies and NFTs. With over six million devices sold and securing more than 20% of the world's cryptocurrencies, the company is poised to expand its market share further. The recent $108 million Series C funding will enable Ledger to enhance user experience, develop new products like the Ledger Stax, and expand services such as buying, swapping, and earning yield on crypto.

Future fundraising seems promising, given the strong investor confidence demonstrated in the latest funding rounds. This financial backing will be crucial as Ledger navigates the complex regulatory landscape and fends off competition from other crypto storage solutions. Challenges such as maintaining security against sophisticated cyber threats and adapting to volatile market conditions will test Ledger's resilience. However, with a clear vision and robust support, Ledger is well-positioned to lead the digital asset security market.

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