Ledger Secures $1.5M in Seed Funding

ledgerLedger, a Paris, France-based provider of smartcard security solutions for Bitcoin wallets, secured $1.5m in seed funding.

Backers included XAnge Capital 2 (XAnge), Pascal Gauthier (ex COO of Criteo), Hi-Pay (Hi-Media Group), Fred Potter (DG Netatmo), Thibaut Faurès Fustel de Coulanges (VP Rentabiliweb Group), and Alain Tingaud Innovations.

The company intends to use the funds to accelerate development of its solutions.

Founded in January 2015 by Eric Larchevêque, CEO, Ledger provides a secure Bitcoin wallet inside a mini chip card users can connect via USB. Its hardware wallet connects to any computer through the USB port, and interacts with the Chrome browser thanks to native HID support. Ledger Wallet is plug and play, and leverages smartcard technology to bring security and user experience for digital identities on distributed consensus-based technologies.

Launched in December 2014, the Ledger Wallet Nano has sales in more than 50 countries.

The company, which recently opened an office in San Francisco, has 15 employees.



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