Ledger

Ledger

Hardware wallets and institutional crypto custody

Overview

Ledger provides hardware wallets and an accompanying app to securely manage digital assets and Web3 activities for individuals and institutions. Their hardware wallets store private keys offline and sign transactions via Ledger Live, reducing exposure to online hacks. They differentiate by offering a broad ecosystem (Ledger Live, Ledger Market for secure minting and first-sale distribution, Ledger Enterprise for institutional custody) with wide adoption across millions of devices and many countries. Their goal is to help people and organizations buy, store, grow, and manage crypto assets securely to support financial freedom and wider crypto adoption.

Significant Headcount Growth

About Ledger

Simplify's Rating
Why Ledger is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Fintech

Cybersecurity

Crypto & Web3

Financial Services

Company Size

501-1,000

Company Stage

Series C

Total Funding

$584.4M

Headquarters

Paris, France

Founded

2014

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Simplify's Take

What believers are saying

  • Circle’s Arc launched with Ledger as a Day 1 partner on September 16, 2026.
  • Payward and Ledger partnered on offline xStocks storage, expanding tokenized-asset utility.
  • Ledger completed a $50 million secondary sale in Q4 2025 and hired CFO John Andrews.

What critics are saying

  • Douglas Kim’s Manhattan class action seeks $500 million over the 2023 Connect Kit compromise.
  • Ledger’s 2026 Ethereum app signing flaw shows security bugs still surface before disclosure.
  • 2020 breach data still fuels phishing; one existential class-action loss could cripple trust.

What makes Ledger unique

  • Ledger’s hardware-signing model keeps private keys offline, unlike software wallets and exchange custody.
  • Ledger Wallet now natively supports shielded Zcash and Arc Day 1 USDC integration.
  • Ledger Enterprise and the New York hub deepen institutional distribution beyond consumer hardware wallets.

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Funding

Total Funding

$584.4M

Above

Industry Average

Funded Over

7 Rounds

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

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$109M
Ledger

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Stock Options

Paid Vacation

Hybrid Work Options

Wellness Program

Company Social Events

Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

↑ 6%

1 year growth

↑ 6%

2 year growth

↑ 2%
Fortune
Sep 24th, 2026
Payward and Ledger partner to enable offline storage of tokenised stocks

Ledger and Payward, Kraken's parent company, have partnered to enable investors to store tokenised stocks offline using hardware wallets. The integration allows customers using Payward's xStocks platform to require a signature on their Ledger device before completing transactions. Ledger devices will also include an xStocks integration on their trading platform. Ledger executive Sebastien Badault said the service targets the company's 8 million customers who prefer self-custody and traditional investors concerned about hacking threats. Tokenised stocks received an SEC innovation exemption last year. Ledger is in discussions with Coinbase, Binance, and Robinhood, which have launched their own tokenised stock offerings. Currently, only Payward's tokenised stocks integrate with Ledger devices, including its Stax model designed by former Apple designer Tony Fadell.

Yahoo Finance
Sep 11th, 2026
Ex-Apple Music exec joins $1.5B startup Ledger to build security for crypto and digital identity

Ian Rogers, former head of Apple Music, has joined €1.5 billion security startup Ledger as chief human agency officer. Rogers previously built products at Beats, Apple, and LVMH, helping launch Apple Music in 2015. At Ledger, he's focusing on security and AI strategy for protecting digital assets like Bitcoin using secure hardware chips. The company employs technology similar to credit card security chips. Rogers began his career in the 1990s building early websites before moving into music technology. He sold two music applications to AOL and Yahoo, ran Yahoo Music from 2003 to 2008, and built Beats Music before its 2014 acquisition by Apple. He now works from rural Italy, applying lessons from Apple about ecosystem-building to cryptocurrency security. Rogers believes the next major consumer platform will centre on protecting money and identity.

Morpho
Jun 10th, 2026
Morpho Association Raises $175M To Build The Open Credit Network For The World

Morpho is an open credit network that connects lenders and borrowers to the best possible opportunities worldwide.

Bloomberg
Mar 24th, 2026
Crypto Firm Ledger Completed a $50 Million Secondary Share Sale

Paris-based digital asset firm Ledger completed a $50 million secondary share sale and its chief executive officer said the company has no imminent plans to pursue a public offering.

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