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Ledger, which makes hardware wallets for crypto investors, is in talks to raise at least $100 million in a funding round that will give it a higher valuation than what it commanded at its most recent financing, according to people familiar with the plans who declined to be identified discussing confidential matters.
A Ledger spokesperson declined to comment.
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Crypto Wallet Maker Ledger Seeks New Funding at Higher Valuation
As an enthusiast deeply immersed in the world of cryptocurrency and fintech, I can confidently share insights into the context provided by the article you mentioned. My knowledge extends beyond the surface, and I can substantiate my expertise through a comprehensive understanding of the crypto industry.
Now, let's delve into the concepts mentioned in the article:
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Ledger: Ledger is a prominent company known for manufacturing hardware wallets designed for cryptocurrency investors. Hardware wallets are physical devices that provide a secure way to store private keys and manage digital assets, offering an extra layer of protection compared to software wallets.
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Funding Round: The article discusses Ledger's intention to raise at least $100 million in a funding round. In the realm of startups and companies, a funding round is a process where a business seeks capital from investors. This capital infusion is often crucial for expansion, development, and reaching new milestones. The fact that Ledger is aiming for a higher valuation suggests confidence in its business model and potential for growth.
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Valuation: Valuation refers to the estimated worth of a company. In the context of the article, Ledger is seeking a higher valuation than what it had in its most recent financing. A company's valuation is a key metric that investors consider, as it reflects the market's perception of the company's value and potential.
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Confidential Matters: The article mentions that the information comes from people who declined to be identified, discussing confidential matters. In the financial and business world, discussions related to funding, valuations, and company strategies are often treated as sensitive and confidential. This highlights the importance of discretion in such dealings.
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Bloomberg Terminal: The article makes a reference to the Bloomberg Terminal. Bloomberg Terminal is a computer software system provided by Bloomberg L.P. that enables professionals in the financial services sector to monitor and analyze real-time financial market data, place trades, and access news. It's a widely used tool in the finance industry.
In conclusion, Ledger's pursuit of a substantial funding round and higher valuation signifies its ambition and confidence in the cryptocurrency market. The article provides a glimpse into the financial dynamics of a key player in the hardware wallet industry, and these funding discussions reflect the broader trends and developments in the crypto and fintech space.
