ZenLedger, a Seattle, WA-based cryptocurrency tax software and blockchain analytics startup, raised $6m in Series A funding.
The round was led by Bloccelerate VC with participation from Mark Cuban’s Radical Ventures, G1 VC, Borderless Capital, 4RC, Centrality, BIGG Digital Assets, CoinGecko, Accelerator Ventures, angel investors Jon Staenberg and Darren Lau, as well as previous investors Vestigo Ventures, Castle Island Ventures, Migration Capital, Blackwater Capital, and Karl Muth.
The company, which has raised a total of $11.5m to date, intends to use the funds to release its cryptocurrency portfolio management solution, to grow its team through new hires in marketing, enterprise sales, customer service, and software engineering, to further advance the product and customer experience.
Founded in 2017 by CEO Pat Larsen and CTO Bryan Starbuck, ZenLedger provides a cryptocurrency portfolio management solution that enables investors and traders to view their portfolio performance and track their tax savings all in one continuously updated dashboard. The platform helps investors and accountants adhere to IRS and SEC regulations by providing a digital workflow to simplify, optimize, and automate the tax and accounting process.
ZenLedger provides integration support for over 400+ exchanges, 40+ blockchains, 20+ DeFi protocols, and all wallets.
FinSMEs
03/08/2021