Bitcoin: France’s Ledger raises €1.3 million

The startup is behind security solutions for Bitcoin wallets and digital identities.

French fundraising in the Bitcoin sector is extremely rare. However, Ledger did manage to raise €1.3 million from XAnge Capital, Pascal Gauthier (ex-COO of Criteo), Hi-Pay, Fred Potter (CEO of Netatmo), Thibaut Faurès Fustel de Coulanges (VP of Rentabiliweb) and Alain Tingaud Innovations.

The Ledger Wallet, a Bitcoin wallet on a smart card, allows its users to lock their private codes and protect themselves against any intrusion during transactions. Ledger also aims, in the long term, to be a tool for protecting digital identities for “all applications based on blockchain technologies, of which Bitcoin is only the first iteration”.

A subsidiary in the United States in 2015

Ledger plans to accelerate the deployment of its offer in 2015 by opening a subsidiary in the United States, setting up an international distribution network, consolidating the brand and finally expanding its product range.

The startup founded in January 2015 already has 15 employees, a production unit in Vierzon, Cher, as well as an office in San Francisco. The Ledger Wallet Nano was launched in December 2014 and sold in over 50 countries, it claims.

Eric Larchevêque, Ledger’s president and co-founder, is also behind the Maison du Bitcoin, located in the heart of the Sentier, in Paris (see slideshow , 06/06/14) . The Ledger team is also based there.

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