South Korean tech giant, Samsung has recently funded popular crypto hardware wallet manufacturer—Ledger, with a 2.6 million euro ($2.9 million) investment.

Ledger Gets Funding From Samsung to Become a $290 Million Company

The wallet maker which completed a $7 million Series A funding round in 2017, and a $75 million Series B last year recently promoted Pascal Gauthier to CEO.

The former CEO of the company, Éric Larchevêque, was one of the first set of people to confirm Samsung’s investment. The former CEO tweeted that:
~we’ll “always need hardware wallets,” but that in the crypto revolution “the smartphone will actually play a central role.”

The cryptocurrency hardware wallet manufacturer also confirmed Samsung’s investment in a statement which reads:

“We are excited to confirm Samsung Ventures’ investment in Ledger. We believe Samsung Ventures will add value to further enhance our position as a leading provider of best-in-class security solutions as we continue to deliver innovative hardware wallet…

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