French cryptocurrency security unicorn Ledger raises €100 million in funding. This brings its valuation to 1.3 billion euros. Zoom in on this crypto-unicorn.
Ledger, the crypto-asset vault
Founded in 2014 by Eric Larchevêque, Ledger is a company specializing in security solutions for digital assets. Its flagship product? An ultra-secure USB key that stores cryptocurrencies: the Ledger Nano S.
Today, the start-up has developed and innovated its products to be more powerful and efficient. The Ledger Nano S Plus key is compatible with over 1,100 cryptocurrencies, including popular ones such as Bitcoin, Ethereum, Ripple and many more.
From daring start-up to crypto-asset unicorn
In recent years, cryptocurrencies have exploded, as has the demand for solutions to secure them. Factors that have strongly influenced Ledger's exponential growth.
Thanks to advanced features and cutting-edge technology, Legder has earned the trust of investors and users worldwide. Today, the Tricolor unicorn secures around 15% of all bitcoin and other cryptocurrency assets worldwide.
In total, Ledger has sold over 3 million of its e-wallets in more than 190 countries worldwide, and has 1.5 million monthly users on its buying and selling platform : Ledger Live.
Valuation at 1.3 billion euros
The start-up has raised several rounds of financing. In 2021, Ledger closed the round with a fundraising of $380 million, or 312 million euros. In 2022, the company is topping up its Series C with a further 100 million euros, keeping its valuation at 1.3 billion euros.
A valuation that has enabled the company to enter the closed club of French unicorns, the first in the crypto sector.
Ledger: key information
Number of employees to date
In 2022, the French start-up employed over 700 people worldwide, including in Paris, Vienna and New York.
Sales figures
French unicorn Ledger achieved sales of 177 million in 2022.
Going public
Although Ledger is a world-renowned company valued at over 1.3 billion euros, it is not currently listed on the stock exchange. However, CEO Pascal Gauthier has hinted at a potential IPO.
Scalability
Thanks to the expansion of its team, the establishment of strategic partnerships and the implementation of efficient production and logistics processes, Ledger's security solution was easily deployed on a large scale and in many countries around the world.
Mantra/Citation CEO
" Platforms should be used to buy and sell cryptos, not to hold them " - Pascal Gauthier, CEO of Ledger.
