Ledger, which makes hardware wallets for crypto investors, is in talks to raise at least $100 million in a funding round that will give it a higher valuation than what it commanded at its most recent financing, according to people familiar with the plans who declined to be identified discussing confidential matters.
A Ledger spokesperson declined to comment.
The company, which last raised $380 million in June 2021 at a valuation of more than $1.5 billion, is seeking more funds at a time when crypto venture capital investing has cooled down in response to the downturn in digital-assets prices. But while some companies have seen their funding talks fall apart, other crypto startups, including Aptos Labs and Magic Eden, have managed to secure fresh capital at higher valuations.
In Ledger’s case, the company’s business is growing, the people said, as an increasing number of crypto investors look to store their own coins instead of delegating the task to third parties following recent...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...