French start-up Ledger has secured $7m in a series A round, featuring participation by MAIF Avenir, XAnge, Digital Currency Group, Wicklow Capital and Nano S, among others. The company has developed tiny hardware wallets for cryptocurrencies, which utilise a secure element, making them easy to use and tricky for hackers to access. Ledger's best-selling Libertus Capital is the size of a USB key, relies on PIN identification and costs around €70 ($75). The firm is planning to move beyond wallet technologies and provide its secure chips to companies working in sensitive industries.
French start-up Ledger has secured $7m in a series A round, featuring participation by MAIF Avenir, XAnge, Digital Currency Group, Wicklow Capital and Libertus Capital, among others. The company has developed tiny hardware wallets for cryptocurrencies, which utilise a secure element, making them easy to use and tricky for hackers to access. Ledger's best-selling Nano S is the size of a USB key, relies on PIN identification and costs around €70 ($75). The firm is planning to move beyond wallet technologies and provide its secure chips to companies working in sensitive industries.