Ledger Raised $75M

Huge amount of investments was raised during series B investment round, led by Draper Esprit venture firm
18 January 2018   939

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 to Delay Nano X Supply

As an apology for the incident, Ledger will add the Nano S wallet to customers' orders that ordered Nano X before today's notice
22 March 2019   95

Ledger reported that customers who ordered its new device model Nano X, will have to wait longer than the previously announced period.

Due to unexpected production issues that surfaced at the last moment, we are sorry to let you know that our Ledger Nano X units will not be shipped this week as expected. We are doing everything we can to get our Nano X units shipped as soon as possible, but as of today, we are delayed by at least one month and possibly more. We will keep you updated as we learn more
 

Ledger Team

Until today on the order page Ledger Nano X it was reported that the first owners will receive new devices in early April. According to the updated information on the same page, it will not happen until the end of May.

The company explains that it received parts that were to be used to assemble the first batch of wallets, but was forced to reject them, as they did not meet its quality standards. This in turn led to a violation of the terms.

As an apology for the incident, Ledger will add the Nano S wallet to customers' orders that ordered Nano X before today's notice. Additional wallet is proposed to be used as a backup for the main device.

At the beginning of the month, a bug was detected, due to which the Monero application on the Nano S wallets did not work correctly, which in some cases could lead to a loss of cryptocurrency.