Cold wallet Ledger raises $108M as cold wallets gain popularity
Teknolohiya Cold wallet Ledger raises $108M as cold wallets gain popularity Balita ng Ethereum ng Bitcoin Hardware crypto wallet company Ledger announced raising $108 million in its recent funding round, according to TechCrunch. The company raised a total of €100 million, which equates to $108 million based on the exchange rate at the time of writing, as the TechCrunch article noted. The funding round In 2021, Ledger raised another €356 million in a funding round, which equates to over $385 million with the current exchange rate. Despite the additional €100 in funding, the companys valuation remained the same at €1.3 billion, which equates to $1.41 billion with the exchange rate at the time of writing. Companies like True Global Ventures, VaynerFund, and Digital Finance Group were amongst the ones who restrained from the first funding round but participated in the second one. Cathay Innovation, Morgan Creek, 10T, and Korelya Capital were some of the names that made significant contributions to both funding rounds. Mga wallet ng hardware Ledger is one company that produces USB-like devices that can store crypto assets. These devices are also addressed as cold wallets to indicate that they dont have an active internet connection. Therefore, these wallets provide an extra layer of protection against hacks