# Nicolas Bacca

> Nicolas Bacca is a seed investor at Ledger (Paris) backing Blockchain and Cryptocurrency. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Ledger](https://shizune.co/investors/profile/ledger-2)
- Location: Paris, France
- Total investments: 14
- Last investment: Apr 2025
- Lead investor: 7%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/nbasim/

Nicolas Bacca is a Computer Science Engineer specialized in smartcard technologies, fascinated about efficient coding. After 5 years at Oberthur Technologies developping mobile solutions and as head of the “Cards & solutions Innovation” team, he founded Simulity of which he was CTO and lead architect, and then Ubinity of which he is CEO. He hasbeen developing there many projects and solutions, including OS for smartcards, and software & hardware “Secure Element” solutions. Then he has created BTChip, first smartcard based security solution dedicated to Bitcoin, and has co-founded the Ledger startup, initiating the World most secure Bitcoin hardware wallet.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $822k–$18M |
| Pre-Seed | $300k–$4.3M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 9 | 64% |
| Cryptocurrency | 4 | 29% |
| Web3 | 3 | 21% |
| Decentralized Finance (DeFi) | 3 | 21% |
| Internet | 2 | 14% |

21 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 7 | 50% |
| Pre-Seed | 6 | 43% |
| Funding Round | 1 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Inflow | Inflow delivers payment solutions that integrate affordability, efficiency, innovation, and tailored service. | $1.1M | Pre-Seed | Apr 21, 2025 |  |
| Byzantine Finance | Byzantine is the gateway infrastructure for restaking. We enable anyone to build customizable restaking vaults that give them full control over their risks and rewards. The Byzantine protocol is designed to make risk management of restaking strategies permissionless and flexible allowing for a more competitive, risk-optimised yield. | $3M | Pre-Seed | Feb 25, 2025 |  |
| Keplr | Keplr is a non-custodial blockchain wallet designed for websites that let visitors engage with blockchain applications. | $5M | Seed | Jan 22, 2025 |  |
| Spiko | Spiko is a tokenization platform that offers to be the supplier of tokenized Money Market Funds. | $4.3M | Pre-Seed | Jun 11, 2024 |  |
| Zyfi | Zyfi is a flexible paymaster-as-a-service that allows you to pay for gas using any ERC-20 on zksync. | $2M | Seed | Jun 10, 2024 |  |
| Hylé | Hylé is the modular ZK stack's core layer, providing a secure, decentralized, and censorship-resistant settlement layer for all ZK proofs. | $800K | Pre-Seed | May 14, 2024 |  |
| Usual | Usual Labs operates as a decentralized finance(DeFi) protocol. | $7.2M |  | Apr 17, 2024 |  |
| Usual | Usual Labs operates as a decentralized finance(DeFi) protocol. | $4.2M | Seed | Apr 17, 2024 |  |
| Lobster | Lobster Protocol is a software development that is 100% automated by multi-protocol strategies. Lobster is committed to offering increasingly efficient strategies for those who wish to maximize their returns on their crypto-assets, is the most simple and accessible way. | $300K | Pre-Seed | Jan 31, 2024 |  |
| Bubblemaps | Bubblemaps is the most powerful tool for on-chain investigation!Featuring a playful and engaging visual interface, Bubblemaps simplifies access to on-chain data and lowers the entry barrier for users. We have partnered with several blockchains that share our vision for easy on-chain data, such as Arbitrum, Polygon, Avalanche, BNB Chain, some ofthem even participating in our fundraising round. Additionally, our visuals are directly accessible on leading DeFi platforms like OpenSea | $3.2M | Seed | Sep 18, 2023 |  |

10 of 14 investments shown.

## Co-investors
- [Triton Capital](https://shizune.co/investors/profile/kraken-ventures) — VC Fund, 3 deals together
- [LBANK Labs](https://shizune.co/investors/profile/lbank-labs) — VC Fund, 3 deals together
- [Stake Capital Group](https://shizune.co/investors/profile/stake-capital) — VC Fund, 3 deals together
- [StarkWare Industries](https://shizune.co/investors/profile/starkware-industries-ltd) — VC Fund, 3 deals together
- [50 Partners](https://shizune.co/investors/profile/50-partners) — VC Fund, 2 deals together
- [Bing Ventures](https://shizune.co/investors/profile/bing-ventures) — VC Fund, 2 deals together

## About Ledger

VC Fund · Paris, France

Ledger develops security and infrastructure solutions for cryptocurrencies as well as blockchain applications for individuals and companies, by leveraging a distinctive, proprietary technology.Launched in 2014, Ledger has designed an acclaimed line of hardware security devices quickly placing the company as a global leader on the market with1,000,000 units sold in more than 165 countries. For enterprises and corporations, Ledger introduced the Vault: a fully managed SaaS solution addressing the need to safeguard a very large amount of multiple cryptocurrencies while mitigating both IT and physical assault threats. The company is also active in the industrial IoT market, leveraging its secure hardware technology to interface sensors and machines to smart contracts or blockchain-based assets.Ledger is headquartered in Paris, has a production facility in Vierzon (France), and offices in San Francisco.

5 contacts available at Ledger.

| Name | Title | Profile |
| --- | --- | --- |
| Rodrigo Carraresi | Head of Developer Relations | https://shizune.co/investors/profile/rodrigo-carraresi |
| Alexandre Lemarchand | Vice President of Global Sales | https://shizune.co/investors/profile/alexandre-lemarchand |
| David Balland | Co-founder | https://shizune.co/investors/profile/david-balland |
| Ian Rogers | Chief Experience Officer | https://shizune.co/investors/profile/ian-rogers |
| Jean-Baptiste Bédrune | Security Researcher | https://shizune.co/investors/profile/jean-baptiste-b%C3%A9drune |

## Similar investors

### Similar industry
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund
- [Shima Capital](https://shizune.co/investors/profile/shima-capital) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [Bpifrance](https://shizune.co/investors/profile/bpifrance) — VC Fund
- [Kima Ventures](https://shizune.co/investors/profile/kima-ventures) — VC Fund
- [Motier Ventures](https://shizune.co/investors/profile/motier-ventures) — VC Fund

## Featured in investor lists
- [Blockchain Angel Investors](https://shizune.co/investors/blockchain-angel-investors)
- [Web3 Angel Investors in Europe](https://shizune.co/investors/web3-angel-investors-europe)
- [Web3 Investors in France](https://shizune.co/investors/web3-investors-france)
- [Web3 Angel Investors in France](https://shizune.co/investors/web3-angel-investors-france)
- [Blockchain Investors in France](https://shizune.co/investors/blockchain-investors-france)
- [Blockchain Angel Investors in France](https://shizune.co/investors/blockchain-angel-investors-france)

## FAQ

### What does Nicolas Bacca invest in?

Nicolas Bacca invests primarily in Blockchain, Cryptocurrency and Web3 startups, most often at Seed and Pre-Seed stage. Most of the 14 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Nicolas Bacca's check size?

Nicolas Bacca typically joins rounds of $822k–$18M at Seed and $300k–$4.3M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Nicolas Bacca participates in.

### When did Nicolas Bacca last invest?

The most recent investment recorded for Nicolas Bacca closed in Apr 2025. Shizune tracks 14 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co