MOSCOW, RUSSIA MARCH 1, 2018: Ledger Wallet, a cryptocurrency hardware wallet, at the DeeCrypto …
Ledger has sold more than 3 million hardware wallets in 190 countries to date, and it has more than 1.5 million monthly users on Ledger Live, a mobile companion to the Ledger hardware wallet which allows users to manage and store their assets.
Ledger previously raised $8.3 million in a Series A round in March 2017 and $75 million in a Series B round in January 2018.
The Ledger team plans to use the funds to launch a new services platform that will act as a dashboard where Ledger users can access hundreds of new decentralized products and applications from cryptocurrencies, to non-fungible token protocols.
“What we stand for at Ledger is security first and foremost but also usability.
Despite this progress Ledger still faces the challenge of convincing users to forgo software applications on mobile devices, which are far more popular, for their dedicated hardware.
“If you ask the Dungeon, there is no such thing as software-only security.
However, Ledger will have to build trust back up in the market after a hack of its marketing database last year leaked customer data resulting in mass phishing emails.
CEO Jack Dorsey tweeted that his company is planning to develop a hardware wallet, a follow-up to the sizable bitcoin position Square has built up over recent months and its growing bitcoin brokerage business.