Crypto hardware manufacturer Ledger raised an additional $108 million funding at $1.41 billion valuation, Bloomberg has learned. The expanded funding was supported by True Global Ventures, Cité Gestion SPV, Digital Finance Group, and VaynerFund.
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The new funding comes as Ledger doubles its business operations. Revenue for Ledger Live have grown 200% year-on-year. Moreover, the Paris-based company claims to store over 20% of the world's crypto and 30% of the world's non-fungible tokens.
Ledger CEO, Pascal Gauthier, said in a blog post that the funding will accelerate the company's mission to bring a "new generation of secure consumer devices" to hundreds of millions of clients.
In June 2021, Ledger raised $380 million. 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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