Samsung invested  2.6 million euros in Ledger

• The hardware manufacturer closed the financing round.  
• THe details of the deal are not disclosed.  

The developer of hardware cryptocurrency wallets Ledger raised investments to the tune of 2.6 million euros from the South Korean hi-tech giant  Samsung. Meanwhile, according to the French media outlet  Capital, the company was valued at $290 million.  

Ledger’s press-service confirmed the fact of the completed investment round, though no further details were provided at that stage. The co-founder of the company Eric Larcheveque  also refrained from disclosing the details of the deal. Mr.  Larcheveque recently stepped down from the CEO position and transferred his powers to  Pascale Gauthier.  

Larcheveque will focus on the strategy of the company, cooperation with regulators and legal compliance aspects in the capacity of an executive chairman.

In the beginning of 2017,  Ledger raised $7 million in Round A leaded by the subsidiary of a French insurance titan MAIF Avenir with  Xange, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network among other investors.  

Round B took place in the beginning of 2018 and brought Ledger $75 million.  Draper Esprit was the largest investor followed by  Draper Venture Network, FirstMark Capital, Cathay Innovation and Korelya Capital.