French crypto wallet company Ledger raised $380M in its Series C financial round, receiving a valuation of $1.5B.
The financial round, led by Dan Tapiero's 10T crypto fund, was also joined by sponsors from Uphold Ventures, iAngels Technologies, DCG, Inherent, Tekne Capital, and others.
Despite the impressive $1.5 billion valuations, the company's CEO Pascal Gaultier said that their main goal is to reach the $100 billion valuations. At the same time, the head of the company is convinced that the cryptocurrency market will reach such a scale that even this optimistic figure will not seem transcendental He also noted that over the past few years, the company has managed not only to ensure the security of 15% of the amount of all crypto assets in the world but also to sell over 3M devices in 190 countries of the world. More than 40 institutions have taken advantage of Ledger's offer to date.
Ledger intends to use the funds received from investors to expand existing products and create new ones, to introduce various services for processing transactions and producing services in its own Ledger Live application, as well as for the future development of its own OS.
As a reminder, Ledger managed to raise $7M and $75M in previous Series A and B financial rounds in 2017 and 2018, respectively.