Ledger, the French maker of cryptocurrency portfolios, raised $ 75 million in Series B financing.

According to an announcement made today, the new round has been led by UK-based investor Draper Esprit, as well as by Draper Venture Network, FirstMark Capital, Cathay Innovation and Korelya Capital. Existing investors such as CapHorn Invest, GDTRE and Digital Currency Group also participated in the tour.

Ledger said he planned to use the new cash primarily to expand its business in the context of the growing popularity of cryptocurrencies.

Eric Larcheveque, CEO of Ledger, commented:

"These funds will be used to continue to invest significantly in R & D while developing our operations and deploying our teams globally."

In the release, the company also said that it is developing a new storage solution for crypto asset management, called Ledger Vault. The product will be aimed at institutional investors such as banks and hedge funds.

Launched in 2014, Ledger offers a range of hardware portfolios for the storage of cryptocurrency private keys. The new funding comes almost a year after the company concluded a $ 7 million Series A round in March 2017.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which holds an interest in Ledger.

Image of Ledger's Portfolio via CoinDesk Archives

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