A hardware wallet ledger acquires nearly $400 million in new funding.
The hardware wallet company Ledger raked in $380 million because of Series C funding round. The event is the third largest crypto funding in the history of crypto space.
Ledger Wallet earns solid money
As of now, Ledger boasts a valuation that exceeds $1.5 billion. The latest funding event was led by a wide array of known crypto firms. Before this round, Ledger managed to hold on approximately $8.3 million via Series A event four years ago and an additional $75 million in 2018.
So far, Ledger sold over three million hardware wallets in 200 countries. While its mobile app Ledger Live serves around 1.5 million users.
The company says that it is planning to launch a new system that will let the customers access many crypto-based applications and decentralized products. So far, Ledger has integrated itself with many digital currency platforms.
The company’s team of white hackers – known as “the Dungeon” – say that one of the problems on Ledger’s list is convincing people that hardware wallets are the way to go instead of mobile wallets. The hardware wallet company insists that hardware wallets are safer. Gauthier says:
In spite of remarks about safety, Ledger’s reputation has a stain last year after a hack on its marketing department. Then, the release of several customers’ private data happen. All of them were victims of several phishing emails. Gauthier says that the Ledger has changed its protocols to delete private customer data so that incidents like this won’t happen again.
The Product is still Uncompromised
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