Crypto Wallet Maker Ledger Locks In Bulk of €100 Million Funding Round

Ledger, a startup making hardware “wallets” for crypto investors to store their digital assets, has raised the bulk of its €100 million ($109 million) funding round at first close as it benefits from turmoil elsewhere in the industry. 

That values Ledger at €1.3 billion, roughly the same price tag it was given by investors through its last raise in June 2021, the Paris-based company said. A second closing is due in mid-April and a third will likely follow due to high investor interest, it said.