Ledn

Ledn in its US$30 million Series A financing round

Client

Ledn

Value

US$30 million

Service

Emerging and High Growth Companies

Date Closed

May 2021

Industry

Fintech

Lead Office

Toronto

 

On May 26, 2021, Ledn completed its US$30 million Series A funding round led by UK-based hedge fund Kingsway Capital, with participation from new investors such as crypto venture fund Hashed, Susquehanna Private Equity Investments, and ParaFi Capital. The funding will be used to strengthen Ledn’s global presence, grow its new trading feature and expand its team in order to achieve the company’s growth goals.

Ledn is a Toronto-based financial services firm focused on providing clients with access to digital assets including Bitcoin-backed loans.

Osler, Hoskin & Harcourt LLP advised Ledn with a team consisting of Andre Perey, Michael Grantmyre, Horatiu Porime and Sahil Chopra (Emerging and High Growth Companies).