Bitcoin Wallet Maker Ledger Raises $75 Million for Security Push
- Startup makes dongles to store cyptocurrency private keys
- Sold 1 million units last year; targeting hedge funds, banks
This article is for subscribers only.
Ledger SAS, a startup that makes electronic wallets for Bitcoin and other cryptocurrencies, has raised 61 million euros ($75 million) from investors including Draper Esprit Plc.
“Everything blockchain depends on keeping the private key secure,” Ledger Chief Executive Officer Eric Larcheveque said. “If you keep this private key on your computer, it’s like buying gold bars and storing them in plain sight on top of your chimney.”