Ledger Raise $75 Million – Without an ICO

January 30, 2018 | In Crypto, Hardware wallets, Ledger | By

Ledger’s Big Week: the Hardware Wallet Manufacturer Builds Momentum Going Forward

What’s up everyone! How’s the HODLing going?

There’s never a boring week in crypto, and this week’s been no different – particularly for Paris-based hardware wallet manufacturers Ledger.

As a partner of Ledger’s, My Hardware Wallet is ecstatic to spotlight for our users and readers some of the exciting news that’s materialized for the creators of the beloved Nano S.

Let’s get right to it, shall we?

Ledger raises $75 million USD

When you’re one of the only hardware wallet providers in an exploding new ecosystem, it doesn’t hurt to have a lot of cash on hand for growth, research, development – you get the picture. Demand is crazy right now for hardware wallet solutions, and Ledger needs more money to keep actualizing these solutions.

That’s why it’s great news that just announced it’s successfully raised another $75 million dollars that the firm is going to put toward handling the incredible backlog of sales orders it’s facing right now.

With the exception of Initial Coin Offerings (ICOs), this funding haul is the largest yet in cryptocurrency history. So Ledger is doing big things in a premature space, which bodes well for the company’s performance in the future.

And handling the ongoing order backlog is going on at the same time that the firm prepares the coming Ledger Vault. As Ledger CEO Eric Larchevêque recently commented, “The idea behind it is to provide additional features and services, such as multiaccounts, multisignature or timelocks.”

Sounds great to us.

Ledger partners with Radar Relay

Tired of hooking up your Ledger hardware wallet in order to trade cryptocurrencies through a centralized exchange? Well you won’t have to bother with that much longer, as another exciting revelation came this week thanks to a new partnership between Ledger and Radar Relay.

Radar Relay, of course, is an 0x-based decentralized exchange that’s going to allow traders to facilitate transactions straight from their Ledger device in an entirely decentralized fashion.

It’s a solid collaboration for the Ledger project, and one that’s going to make hardware wallets all the more practical for both hodling and trading from.

Nano S hits 1 million unit sales

Ledger only sold 33,000 Nano S units in the calendar year of 2016. The company could have never imagined that in the ensuing 12 months that comprised 2017, they’d sell an astonishing 1 million units of the same device.

Now, it doesn’t really matter what you’re selling, selling 1 million units of anything is impressive. But selling 1 million hardware wallets is only the beginning when it comes to the cryptoverse, considering the space is so young and mainstream adoption is still on the horizon.

1 million units may be chump change compared to how many units have been sold ten years from now. It’s an impressive milestone nonetheless, and My Hardware Wallet is ecstatic to be a partner with a company that’s as promising and exciting as Ledger.

Here’s to many more years of success for everyone – cheers!

Posted by on January 30, 2018 in Crypto, Hardware wallets, Ledger
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