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. Blockchain is the technology that underpins bitcoin, ethereum and other digital currencies. 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.