Tech group Ledger completes new fundraising, valuing it at over US$1.5 billion

Tech group Ledger completes new fundraising, valuing it at over US$1.5 billion

PARIS :French technology and digital company Ledger said on Thursday it completed a new US$380 million fundraising round that gave it a valuation of more than US$1.5 billion.

FILE PHOTO: Ledger Nano S cryptocurrency hardware wallets are seen for sale on the floor of the Con
FILE PHOTO: Ledger Nano S cryptocurrency hardware wallets are seen for sale on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar

PARIS -French technology and digital company Ledger said on Thursday it completed a new US$380 million fundraising round that gave it a valuation of more than US$1.5 billion.

Ledger, headquartered in Paris, runs a platform called Ledger-Live which deals with cryptocurrencies.

Its latest Series C fundraising round was led by 10T Holdings, while other investors involved included Financiere Agache, a unit of Bernard Arnault, the French luxury goods billionaire who runs LVMH.

"This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem," Ledger’s CEO Pascal Gauthier said in a statement.

"This industry is fast becoming mainstream and reshaping the entire financial sector and beyond," added Gauthier.

(Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong and Muralikumar Anantharaman)

Source: Reuters

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