Ledger

Active#17 in France

Hardware wallets and security

Crypto›hardware wallets and security

Founded2014

HQParis

RaisedUSD ~575M (EUR ~530M)

Last roundSeries C extension · Mar 2023

Country of originFranceListed in the France ranking

Where would you invest?HQ Paris; manufacturing in VierzonJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
France · all sectors	Top 25	#17	Edition 0 – beta · September 2026	19 Oct 2026
Cold wallets · worldwide	Top 6	#1	Edition 0 (beta) · Sep 2026	26 Oct 2026

Rank historySep 2026 · #1 Cold walletsSep 2026 · #17 FranceFirst edition: no movements yet.

Estimated valuation

AI · France ranking

≈ USD 1.7bnUSD 1.1–2.5bn · Unicorn Medium confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Series C extension · USD 108M · Mar 2023
Published valuation: USD 1.4bn · Mar 2023 · older than 24 months, shown for reference
AI adjustment: × 3: EUR 1.3bn valuation at the 2023 extension; US listing targeted above USD 4bn (reported Jan 2026)

In the Cold wallets ranking (worldwide): ≈ USD 3bn · USD 2–4.5bn · Unicorn · Medium confidence.

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

USD ~575M (EUR ~530M) raised in total

Date	Round	Amount	Type	Investors	Source
Mar 2023	Series C extension	USD ~108M (EUR 100M)	Equity	True Global Ventures, 10T, Cathay Innovation, 10T Holdings	tech.eu · coindesk.com

Q4 2025: ~USD 50M secondary sale by early investors.

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Ledger as a PDF, on one of three angles only:

ValuationWhat is Ledger worth?

Versus competitorsIs #17 the right rank?

Who should acquire itStrategic buyers, and why

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Analyses are the opinion of their authors, not of Uback. They are checked before publication and never change the rank.

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What the AI reads

Press & investor announcements5 sources

Pappers (French company registry)Planned

Read by the AI at the next edition.

Comparable companies in France

Full France ranking →

Morpho#12Crypto › decentralised lending protocolUnicorn Electra#16Mobility › EV fast chargingUnicorn Voodoo#18Gaming › mobile games publisherUnicorn Exotec#15Robotics › warehouse automationUnicorn

Investors in Ledger: True Global Ventures · 10T Holdings · Cathay Innovation

Sources. tech.eu · coindesk.com · coindesk.com · forgeglobal.com · bankless.com

Last updated: Sep 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.