Cathay Innovation and Ledger Launch €100M Fund

Ledger, the crypto-security platform securing cryptocurrencies, NFTs and tokens, and Cathay Innovation, a global venture capital firm, have launched a €100M ($110M) early-stage venture fund focused on Web3.

Supported by French public investment bank Bpifrance and led by Cathay Innovation’s Denis Barrier and Ledger’s Pascal Gauthier and Michael Louzado, Ledger Cathay Capital will cover cryptocurrencies, decentralized finance (DeFI), blockchains, NFTs, DAOs and the tokenization of everything.

The funding will invest globally in Seed to Series A companies focused on emerging DeFi, security, infrastructure, digital ownership technologies, protocols and more. Ledger has also made direct early investments in startups that will be managed by the Ledger Cathay Capital team.

It gives creators and founders the capital, tools and direct industry access needed to innovate at scale from the very start.

The partnership, already counting various French and international leaders, looks to connect and stimulate a global Web3 ecosystem while bringing greater opportunities to entrepreneurs across Europe, North America, Asia and beyond. The fund will bring a collaborative and community-based approach that helps crypto and Web3 builders meet talent and potential partners, innovate, reach customers and share business strategies to capitalize on major trends and scale products and services worldwide.