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New Deal


Announced

Completed

10T Holdings led a $380m Series C funding round in Ledger.

Financials

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Transaction Value£268m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Software

software developer

Minority

Private Equity

Acquisition

France

Private

Completed

Cross Border

Friendly

Synopsis

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10T Holdings, a growth equity investment firm, led a $380m Series C funding round in Ledger, a firm that designs and develops software. Additional investors include Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, Wicklow Capital, Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache, and iAngels Technologies. “This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem. This industry is fast becoming mainstream and reshaping the entire financial sector and beyond. Our products are designed to give users maximum control over their digital assets and provide unparalleled protection against cyber-attacks. We are well-positioned to become the secure gateway to the digital asset world with the potential to integrate our services into nearly every feature of the digital asset ecosystem," Pascal Gauthier, Ledger CEO.

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