French startup Ledger has raised a $380 million Sequence C funding spherical led by 10T Holdings. Following at present’s funding spherical, the corporate has reached a valuation of $1.5 billion.

Different traders within the funding spherical embody current traders Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, Korelya Capital and Wicklow Capital. Some new traders are becoming a member of the spherical, similar to Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache and iAngels Applied sciences.

Ledger’s most important product is a {hardware} pockets to handle your crypto belongings. They’re formed like USB keys and have a tiny display to verify transactions on the gadget. The explanation why that display is vital is that your personal keys by no means go away your Ledger gadget.

In different phrases, if you wish to retailer great amount of cryptocurrencies, you don’t need to go away them on an trade account. If somebody manages to check in, they may withdraw all of your crypto belongings. With a {hardware} pockets, you stay in charge of your crypto belongings.

The corporate first launched the Ledger Nano S. It’s a must to join the gadget to a pc utilizing a USB cable. Extra just lately, with the Ledger Nano X, you’ll be able to ship and obtain belongings out of your telephone because the Nano X works over Bluetooth. Ledger additionally offers an enterprise solution for corporations that need to add cryptocurrencies to their steadiness sheet.

General, Ledger has bought over 3 million {hardware} wallets. Each month, 1.5 million individuals use Ledger Dwell, the corporate’s software program resolution to handle your crypto belongings. The corporate even says that it at the moment secures round 15% of all cryptocurrency belongings globally.

It hasn’t been a easy journey as the corporate has been round for seven years. After the crypto growth of 2018, pursuits for {hardware} wallets pale away. Furthermore, as the corporate secures costly belongings, it has additionally suffered from a severe information breach — 272,000 customers have been affected.

With at present’s funding spherical, the corporate plans to launch new merchandise, add extra DeFi options to Ledger Dwell and assist the expansion of the crypto ecosystem typically.