Ledger, a Paris-based startup that produces hardware wallets for storing digital assets, raised €100m ($109m) at its first funding round, valuing the company at €1.3bn. The company plans to use the funding to expand its network of distributors, boost production, and develop new products. The increase in demand for hardware wallets comes as hacks and the collapse of crypto exchanges have made investors wary of leaving their assets on online platforms. Ledger's revenue for its crypto trading app has grown 200% YoY, and the company says it now stores 20% of the world's cryptocurrencies and 30% of NFTs.
