Overview

Ledger specializes in securing digital assets and Web3 technologies. The company offers hardware wallets, such as the Ledger Stax, Nano S Plus, and Nano X, which allow users to safely store and manage their cryptocurrencies. These wallets work in conjunction with the Ledger Live app, providing a user-friendly interface for buying, swapping, and growing crypto assets while ensuring users maintain full control over their funds. Ledger stands out from competitors by securing 20% of the world's crypto assets and serving over 100 financial institutions. The company's goal is to empower individuals and institutions to achieve financial freedom through secure management of digital assets.

Simplify's Take

What believers are saying

• Ledger's partnership with Alchemy Pay simplifies crypto buying and selling.
• Integration with THORChain enhances secure swaps through Ledger Live.
• Collaboration with Unchained offers secure Bitcoin IRAs with tax benefits.

What critics are saying

• Emerging competitors like Trezor and SafePal offer innovative features and competitive pricing.
• Potential software vulnerabilities could be exploited by hackers.
• Regulatory scrutiny in Europe may impact Ledger's operations.

What makes Ledger unique

• Ledger's proprietary technology secures 20% of global crypto assets.
• Ledger offers unique hardware wallets like Ledger Stax with a curved E Ink screen.
• Ledger's Vault provides a SaaS solution for safeguarding large cryptocurrency amounts.

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Funding

Total Funding

$584.4M

Above

Industry Average

Funded Over

5 Rounds

$109,000,000

Series C

Mar 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$109M

View all funding stages