- HQ
- Paris, France
- Company size
- 501-1,000
- Funding raised
- $575M
- Lead investors
- 10T Holdings, Cathay Innovation, True Global Ventures, Draper Associates
- Team location
- Eastern Europe
- Cooperation time
- since 2020
- Product
- Security and infrastructure solutions for digital assets
- Notable clients
- Firi, VirgoCX, Boson Protocol, Nexo
Ledger: Tech team of 10 QA engineers for Ledger
Ledger is a Paris-based digital asset security company and a global leader in hardware wallet technology. Founded in 2014, the company has sold 8M+ devices across 180 countries and secures approximately 20% of the world’s crypto assets. Ledger raised $575M in total funding, reached a $1.5B valuation, and became one of France’s few tech unicorns.
Issue
In 2020, Ledger had a small presence in Eastern Europe, but the goal was bigger: build a real engineering hub with Manual, Automation, Lead, and Manager-level developers on board– fast and compliant.
Simple enough on paper, yet considerably harder in practice.
No legal entity meant no compliant way to employ engineers, run payroll, protect IP, or manage contracts across jurisdictions. No recruiting partner meant no Silicon Valley-caliber engineers on the codebase. For a hardware security product, QA isn’t a support function – it’s core engineering. That called for senior talent vetted well beyond a standard CV screen.
Ledger needed an in-house team. Not outsourced developers hiding behind a vendor layer.
That meant finding one partner to own both sides: full-cycle recruitment of top-10% engineers and the employment infrastructure with its own legal entity to hire them compliantly – no vendor fragmentation and no drag on the Paris leadership.
Solution
That’s the exact problem Alcor was built to solve. And we took full ownership of both sides from day one.
On the compliance side: every legal and operational detail sorted: compliant employment, financial setup, and full IP coverage – all structured for Ledger’s Eastern European operation without opening a legal entity in Kyiv. French headquarters stayed focused on the product. We handled the paperwork.
On the recruiting side: no CV spam, no generalist sourcing. Our 40+ in-house tech recruiters sourced senior engineers optimized for today’s AI-driven development cycle – security-aware, deeply technical, and vetted for the standards a hardware crypto product demands.
To save the Paris team’s time, Alcor ran a single-day interview format in Kyiv – five candidates, one day, one offer extended to a QA Manager before the flight home.
The outcome: a hub of 35+ Silicon Valley-grade engineers, including 10 QA developers, built as an internal team from day one, not a unit managed through a third party.
Results:
Build Your AI Engineering Team in 30 Days
No vendor chaos. 0 compliance risk. No more recruiting delays.
Alcor Helped Build the Foundation for Everything That Followed
Alcor builds Ledger’s Eastern European engineering team
Ledger raises $380M Series C, reaches $1.5B valuation – becomes a French unicorn
Launches Nano S Plus; expands product line and institutional offering; raises an additional $109M; total funding reaches $575M across 7 rounds
Launches Ledger Stax and Ledger Flex – the world’s first secure E Ink touchscreen devices; revenue doubles to $70.9M
Revenue surpasses triple-digit millions – a company record
Use our calculator to estimate your team budget before any conversations starts
Clients Love Us. Teams Do Too.
“The Alcor team has always been supportive and approachable whenever assistance was needed. Rather than feeling like an external resource, engineers working through Alcor are able to integrate closely with the client’s teams. This creates a more collaborative environment and allows engineers to have a greater impact.”
“My overall experience has been outstanding. Alcor’s model offered the right balance — strong operational support combined with genuine ownership and long-term collaboration. In this model, I am a core member of the team. Rather than rotating between projects, I can invest meaningfully in improving the product and establishing processes that deliver lasting value.”
“Whenever I’ve had tricky bank requests or needed extra documentation, Alcor has resolved everything rapidly. I also love their support with business trips and expense tracking—it’s incredibly convenient. Their team is always available via messenger and ready to help. Highly recommended for anyone who wants a hassle-free professional life!”
“Alcor has been a reliable partner throughout, especially in complex situations. Issues are resolved quickly — often within minutes or hours. Their ability to adapt and support us in complex situations has made a real difference for our team.”
