LE

Ledger Operator Dossier

Corporate intelligence report on the company behind Ledger

ParentLedger SAS
HQParis, France
Founded2014
LicenseNone identified (hardware wall...
Rating9.2
Company Profile
Parent CompanyLedger SAS (no parent company identified)
OwnershipPrivate (VC-backed, no major shareholders publicly disclosed beyond investors like 10T Holdings)
HeadquartersParis, France (106 Temple; offices in Vierzon, London, Portland, Singapore)
Founded2014
FoundersEight experts in embedded security, cryptocurrencies, and entrepreneurship (names not publicly listed)
CEO / LeadershipCEO: Pascal Gauthier
EmployeesOver 700 (as of 2025; ~777 per LeadIQ Feb 2026)
Funding and Valuation
Funding$380M Series C (2021, led by 10T Holdings, valuation >$1.5B); Extended Series C $109M (2023, valuation $1.4B); $50M secondary share sale (Q4 2025)
Revenue / ValuationRevenue: several hundred million USD (2025); Valuation: $1.5B (2023), seeking IPO at >$4B (2026)
Licensing and Regulation
None identified (hardware wall... complies with general regs)
None identified (hardware wallet provider, not gaming/exchange
Regulatory History

No major fines/bans identified for Ledger

data breaches via third-parties (2020 database leak, 2023 Connect Kit, Jan 2026 Global-e order data incident)

Security Track Record
  • 2020 customer database leak (emails/phone)
  • 2023 Ledger Connect Kit supply chain compromise
  • Jan 2026 Global-e payment data breach
  • no device hacks (0 Ledger devices compromised)
Proof of ReservesN/A (non-custodial hardware wallet provider, does not hold user funds)
Sister Brands
None identified (focus on Ledger EnterpriseLedger Live)
Key Events
2014

Founded

2016

Nano S launch

2018

Ledger Live, Donjon

2019

Nano X

2022

Nano S Plus (NFT support)

2023

Stax launch, Recover service

2024

Flex

>7M devices sold, secures 20% global crypto

New HQ Paris (2024)

Learn More About Ledger

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