Ledger, a French hardware developer for physical cryptocurrency wallets, is looking to raise $100 million, which will increase its current valuation of $1.5 billion, Bloomberg has learned.
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The financial terms of the deal remain unknown as the discussion is still in progress. Sources close to the matter said that the reason for the new funding is in Ledger's business model as the Paris-based company wants to grow its supply with an increasing number of crypto investors.
In June last year, Ledger raised $380 million at a valuation of more than $1.5 billion. The round was led by 10T Holdings, with participation of Cathay Innovation, Draper Esprit, Wicklow Capital, Uphold Ventures, Felix Capital and others.
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