Paris based bitcoin hardware startup Ledger has raised $7m in Series A funding led by MAIF Avenir. Ledger produces hardware where users can store and keep track of their cryptocurrency holdings.
Bitcoin hardware startup Ledger has raised $7m in a new Series A funding round. The round was led by MAIF Avenir, an arm of French insurance giant MAIF. Others taking part in the Series A round include Xange, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network, and investor Nicolas Pinto. Ledger, which makes hardware for users to store and maintain control over their cryptocurrency private keys, plans to use that funding to expand its reach into the enterprise market. Notably, the startup intends to open a new factory in China as part of its hardware push, with an eye on a launch sometime in the next few months.