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Crypto hardware wallet manufacturer Ledger is in talks to raise at least $100 million in a funding round. Bloomberg writes about this, citing anonymous sources. According to them,
Crypto hardware wallet manufacturer Ledger is in talks to raise at least $100 million in a funding round. Bloomberg writes about this, citing anonymous sources.
According to them, the company expects to use the crypto winter and increase its valuation. A Ledger spokesperson declined to comment.
In June 2021, the hardware crypto wallet manufacturer raised $380 million in a Series C funding round, with the company valued at more than $1.5 billion.
In the spring of 2022, the firm introduced the Nano S Plus, a new device aimed at NFT collectors and DeFi users.
Previously, Ledger had contracted with The Sandbox project to increase the literacy of its users in the field of cryptocurrencies.
In June, the company partnered with Cathay Innovation to launch a €100 million crypto fund, while also introducing Ledger, an enterprise-focused NFT marketplace and Web3 services platform.
Recall that between April and June, venture investments in crypto startups decreased by 31% compared to the first quarter to $ 6.76 billion.
Analysts cited Terra’s collapse, serious problems at Celsius and Babel Finance, and staff cuts at Coinbase, Gemini, and Crypto.com.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
