Ledn Inc.’s $70 Million Series B Financing Round

Osler, Hoskin & Harcourt LLP advised Ledn on the round.

On December 15, 2021, Ledn announced its US $70 million Series B financing, led by 10T Holdings. 

Ledn will use the funds to support the growth of its digital asset lending business, including its new Bitcoin-backed mortgage product, which is claimed to be the first or its kind to market. It also plans to use the money to hire more staff, develop other, new digital asset financial products, and expand upon its segment of local products for English, Spanish and Portuguese-language users.

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

10T Holdings is a mid to late stage growth equity fund that invests in private companies operating in the digital asset ecosystem. 

The Osler, Hoskin & Harcourt team was led by André Perey (Picture), and included Michael Grantmyre and Jordana Corber-Tovel (Emerging and High Growth Companies).

Involved fees earner: Jordana Corber-Tovel – Osler Hoskin & Harcourt; Michael Grantmyre – Osler Hoskin & Harcourt; André Perey – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Ledn;

Sonia Carcano

Author: Sonia Carcano