Baker McKenzie has advised Ledger, one of the world leaders in Blockchain and in bitcoin and cryptocurrency security, as part of its fundraising operation involving several French and international funds.

Created in 2014, Ledger is one of the leaders in security and infrastructure solutions for cryptocurrencies and other blockchain applications which has considerably improved storage security for cryptocurrencies, a real mark of trust for a fast-developing sector. With three offices based in Paris, Vierzon and San Francisco and clients spread over 165 countries, Ledger has a team of 80 professionals developing a variety of innovative products and services to safeguard cryptocurrency assets for both individuals and companies.

This funding is a sign of investor confidence in the growth of Ledger and in its capacity to develop and diversify its business with institutional partners. Ledger recently entered into a technological partnership with Gemalto, the world leader in digital security, for the supply of high assurance security infrastructure for applications linked to cryptocurrencies.

This series B fundraising, totalling $75 million (€61m), considerably oversubscribed, was led by Tim Draper via the Draper funds, which specialise in financing disruptive technologies and cryptocurrencies. The American investment fund, First Mark, as well as the funds Korelya and Cathay Capital, also contributed to this funding.

Ledger was advised by Baker McKenzie with Matthieu Grollemund, partner, assisted by Hélène Parent and Gautier Valdiguié, associates.