Ledger, a Paris, France-based cryptocurrency and blockchain security company, raised £56m ($75m) in Series B funding.
The round was led by Draper Esprit (AIM: GROW, ESM: GRW), with participation from Draper Venture Network funds, including Draper Associates, Draper Dragon and Boost VC, as well as FirstMark Capital, Cathay Capital, and Korelya Capital and existing investors CapHorn Invest, GDTRE and Digital Currency Group. In conjunction with the funding, Simon Cook, CEO at Draper Esprit, joined the Ledger Executive Board
The company intends to use the funds to scale up its operations.
Founded in 2014 and led by Eric Larchevêque, CEO, Ledger has sold over a million of cryptocurrency hardware wallets to customers in 165 countries. They are now launching a new financial institutions solution, the Ledger Vault, enabling hedge funds, banks and family offices to manage their crypto assets.
All these products are underpinned by an Operating System (OS) specifically designed to run on any secure hardware and to support any cryptocurrency. This OS enables security for wider blockchain applications and will eventually accelerate adoption in a wide variety of industries, from the internet of things to driverless cars.