XAnge et al. invest €1.3m in Ledger

XAnge invested in the company via its XAnge Capital II fund, which closed in July last year on €62m – just surpassing its €60m target.

The firm was joined in the round by private investors Pascal Gauthier, the former COO of Criteo; NetAtmo CEO and founder Fred Potter; and Thibaut Faurès Fustel de Coulanges, the vice-president of Rentabiliweb Group.

Hi-Pay, a division of Hi-Media Group, and Alain Tingaud Innovations also took part in the round.

Ledger will use the fresh capital to open its US subsidiary, Ledger Technology, with a new office in San Francisco.

This year, the company also plans on updating its Ledger Wallet, finalising production of its new hardware wallet Ledger Blue, and launching its LedgerOS TEE application.

Company
Founded in 2013 and headquartered in Paris, Ledger is a developer of wallet hardware for bitcoin storage.

The company launched its first products, HW1 and Ledger Nano, in December last year. It employs 15 staff.

People
Eric Larchevêque is the CEO of Ledger. Cyril Bertrand is a partner at XAnge.

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• XAnge Private Equity