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IN BRIEF: Molten Ventures investee Ledger closes extension round

31st Mar 2023 14:28

Molten Ventures PLC - Tech-focused venture capital firm - Notes portfolio company Ledger closes Series C extension round. Says extension round maintains Ledger's valuation at EUR1.3 billion and was supported by new and existing investors. Adds extension will enable Ledger to further ambitions on blockchain. "Ledger continues to grow rapidly with recent cryptocurrency newsflow highlighting the importance of secure consumer devices. Ledger has sold over six million devices, securing more than 25% of the world’s cryptocurrencies and over 30% of the world's non-fungible tokens. This extension round will enable Ledger to further its global ambitions and accelerate its drive to support blockchain innovation," Molten Ventures says. Chief Executive Officer Martin Davis adds: "This latest round is testament to the strength of Ledger's business and its revolutionary technology that will continue to play a critical role in the future of crypto assets and blockchain."

Current stock price: 266.40 pence, up 1.6% on Friday

12-month change: down 66%

By Tom Budszus, Alliance News reporter

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