Media reports Ledger plans to raise at least $100 million

Ledger in talks to raise at least $100 million.

Hardware wallet maker Ledger is in talks to raise at least $100 million in a funding round, Bloomberg reports, citing anonymous sources.

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They say the company intends to weather the crypto winter and boost its valuation. A Ledger spokesperson declined to comment.

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In June 2021, the hardware-wallet maker raised $380 million as part of a Series C financing round. The company was valued at more than $1.5 billion.

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In spring 2022 the firm представила a new device — the Nano S Plus, aimed at NFT collectors and DeFi users.

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Earlier, Ledger заключил соглашение с проектом The Sandbox to improve the literacy of its users in the cryptocurrency space.

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In June, the company, in partnership with Cathay Innovation запустила криптофонд of €100 million. At the same time Ledger introduced corporate-oriented NFT marketplace and a Web3 services platform.

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From April to June, venture investments in crypto startups fell 31% from the first quarter to $6.76 billion.

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Analysts cited the Terra collapse, serious Celsius problems and Babel Finance, as well as layoffs at Coinbase, Gemini and Crypto.com.

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