Ledger Raised $75M

Huge amount of investments was raised during series B investment round, led by Draper Esprit venture firm
18 January 2018   347

Popular hardware cryptocurrency wallet manufacturer Ledger raised $75 000 000 during series B investment round.

The round was led by Draper Esprit, with additional funding from

  • Draper Venture Network funds,
  • Draper Associates,
  • Draper Dragon
  • Boost VC,
  • FirstMark Capital,
  • Cathay Innovation, 
  • Korelya Capital.

The round is one of the biggest series B investment into blockchain and cryptocurrency related technologies to date (excluding ICOs). Existing investors, CapHorn Invest, GDTRE and Digital Currency Group, also participated in the round. Seed and Series A investor Xange remains at the capital.

We initially designed our Ledger hardware wallet as an enabler for the blockchain revolution. Three years later and with this Series B, we are reaching a significant milestone in our path to build a technological giant in the promising space of cryptocurrencies. These funds will be used to keep investing significantly in R&D while scaling our operations and deploying our teams globally. I am delighted to bring on board Draper Esprit and a truly global group of investors who will support the company as it grows rapidly.
 

Eric Larchevêque 

CEO, Ledger

Ledger is already profitable company and has sold over a million cryptocurrency hardware wallets across 165 countries. 

Ledger Nano S Firmware Update to Improve Security

According to official blog, new firmare solve a lot of issues
17 April 2018   196

The manufacturer of popular hardware cryptowallets Ledger has released a new version of the software (v. 1.4.2) for Nano S devices.

We are continuously working to improve the security of Ledger devices. As our business grows, we will accelerate our work identifying opportunities to improve the security of our services and products.
 

Ledger Team

 According to the team, these are main improvements

  • Improving user pin security
  • Improving recovery phrase security
  • Getting rid of confusing error messages
  • Improving application checks

This month, many users of Ledger's crypto-currency wallets faced difficulties in accessing their Bitcoin Cash assets.

Ledger developers are preparing to launch new native applications for desktop and mobile versions that will gather cryptocurrencies in one space and will not rely on Google Chrome or Chromium.