Ledger

Ledger is a Bitcoin company in the Hardware Wallets category, founded in 2014 by Eric Larcheveque, Thomas France, Nicolas Bacca, Joel Pobeda.

The Idea

A hardware wallet for securing digital asset private keys. This is the mass-market counterpart to Trezor's open-source approach.

Early Traction

Ledger's Nano S became the best-selling hardware wallet in the world, outselling Trezor by a wide margin through retail distribution and aggressive marketing.

Peak Stats

$1.5B valuation. Over 8 million devices sold. 1.5M active customers. $70.9M revenue in 2024.

Status Today

Active. Suffered a major customer data breach in 2020 that leaked names and addresses of customers, a significant lapse for a company built on security. Controversial 'Ledger Recover' feature in 2023 drew backlash from the Bitcoin community, implying Ledger could access user private keys. Still the market leader by unit sales. Rumored to be planning an IPO.