Paris-based Ledger, which makes a crypto hardware wallet, is in talks to raise at least $100 million that will give it a valuation higher than the $1.5 billion it received in June 2021, according to Bloomberg.
The report comes amidst a rocky time for crypto startups. According to Crunchbase numbers, investment in VC-backed crypto companies slowed during the first half of this year. The sector saw a record $12.5 billion invested during last year’s first half compared to about $9.3 billion invested through the first six months of this year.
Search less. Close more.
Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.
On top of that, a sluggish economy has helped push crypto prices down since the highs it hit in November. Even after a bit of a rally the last few weeks, Bitcoin—the largest cryptocurrency by market cap—is still down more than 50% since the beginning of the year
However, Ledger may play in a part of the market that is...
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...