Tag: 109M

Crypto wallet Ledger raises $109M as demand for self-custody soars

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Hardware wallet provider Ledger has raised 100 million euros ($109 million) in a Series C funding round extension, placing its valuation at 1.3 billion euros ($1.4 billion), in line with its previous funding in June 2021, Bloomberg reported on March 30. The funding is the first of three investment rounds.  As per the report, a second closing is due in April, followed by a third funding to take place at a later date, given “high investor interest.” The capital will be used to expand the company’s distribution network, increase production,…

Solana ecosystem wallet Phantom raises $109M

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Software wallet and browser extension Phantom has raised $109 million in Series B financing to continue expanding its cross-platform capabilities beyond Solana.  The funding round was led by Paradigm, an investment firm focused on cryptocurrency and Web3 companies. Other venture firms to have supported Phantom in prior funding deals include Andreessen Horowitz, Jump Capital and Variant Fund. According to Phantom, the funding will help to enhance the wallet’s technical capabilities, such as better app discovery, as well as allowing the company to hire additional employees. In addition to its funding…

Solana Wallet Phantom Raises $109M to Rival MetaMask

The company building Solana’s top crypto wallet is now worth $1.2 billion, Phantom announced Monday. Crypto venture firm Paradigm led a $109 investment in Phantom, CEO Brandon Millman said. It was not immediately clear who else joined the cap table, or what percentage equity they took in the upstart firm, whose main product is a Chromium browser plugin. The wallet is going mobile, too: On Monday, the company debuted its iOS app. Millman expects his 20-odd team to ship an Android offering later this year, following through on a mission…