Cryptocurrency: Ledger launches $110 million fundraiser

Business Angels – The investment funds and specialists in capital risk are engulfed one after the other in the sector of cryptocurrencies and Web3 in general. Not a week goes by without a new big name in finance announcing a fundraiser, a partnership or making a statement on the subject. Even retail investors are increasingly interested by the subject. Today, a news concerns one of our unicorns the most famous: Ledger.

A new fund called Ledger Cathay Capital is born…

Ledger is a world reference in the sector of physical wallets intended for the storage of cryptocurrencies. It is a French company which raised millions of euros over the last few years and continuing to develop.

On his side, Cathay Capitaland its subsidiary Cathay Innovation – is a multinational investing company – notably – in new technologies. With offices in San Francisco, New York, Paris, Shanghai, Beijing and Singapore, they invest in start-up around the world.

Finally, the last player in this case is the public investment bank Bpifrance. Created on January 1, 2013, it is present in each region. It is a public investment bank that supports french companies. It offers financing solutions to support their various projects: creation, development through innovation, conquest of new markets in France or abroad, equity investment, takeover or external growth.

Cathay Innovation and Ledger join forces to fund web3 start-ups.  An envelope of nearly 100 million euros is intended for around twenty companies working in all areas of blockchain and cryptocurrencies.
The famous French Unicorn invests in Web3 with Cathay Innovation in financial support

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…to invest in all Web3 and cryptocurrency sectors

Other investors are also present in the project, but for “compliance and confidentiality reasons”Denis Barrier – co-founder of Cathay Innovation – did not wish to communicate the names to the media The Block. Finally, we are talking about an envelope of 100 million euros intended to finance between 20 and 25 companies.

Ledger Cathay Capital will invest in different areas of the Web3. Decentralized finance, blockchain security and infrastructure, but also digital property technologies like NFTs. For Denis Barrier “Web3 is an investment opportunity over several decades”. And when asked if this is the right time to invest, he replies that “the current environment is a real opportunity”.

The two partners already know each other very well. Indeed, Cathay Innovation had already invested in all Ledger financing rounds. This collaboration is therefore the logical continuation of their investments for “the next billion users”, says Denis Barrier. Cathay brings the funds and Ledger its industry expertise to find and assess investment opportunities. The smartmoney arrives in cryptocurrencies to make money and build the future. And meanwhile Bitcoin comes out of the closet to conquer the general public. Smile, it’s the weekend!

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