Tech group Ledger completes new fundraising, valuing it at over $1.5 billion

    FILE PHOTO: Ledger Nano S cryptocurrency {hardware} wallets are seen on the market on the ground of the Consensus 2018 blockchain know-how convention in New York Metropolis, New York, U.S., Might 16, 2018. REUTERS/Mike Segar

    PARIS (Reuters) -French know-how and digital firm Ledger stated on Thursday it accomplished a brand new $380 million fundraising spherical that gave it a valuation of greater than $1.5 billion.

    Ledger, headquartered in Paris, runs a platform referred to as Ledger-Stay which offers with cryptocurrencies.

    Its newest Sequence C fundraising spherical was led by 10T Holdings, whereas different buyers concerned included Financiere Agache, a unit of Bernard Arnault, the French luxurious items billionaire who runs LVMH.

    “This Sequence C announcement marks the transition of Ledger from the main digital asset safety firm to turning into the safe gateway to the complete digital asset ecosystem,” Ledger’s CEO Pascal Gauthier stated in a press release.

    “This business is quick turning into mainstream and reshaping the complete monetary sector and past,” added Gauthier.

    Reporting by Sudip Kar-Gupta; Modifying by Jacqueline Wong and Muralikumar Anantharaman

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