ZenLedger, a Seattle, WA-based cryptocurrency tax software and blockchain analytics startup, raised $6 million 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 intends to use the funds to release its cryptocurrency portfolio management solution and grow its team through new hires in marketing, enterprise sales, customer service, and software engineering to advance the product and customer experience further.
Company: ZenLedger, Inc.
Raised: $6.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Bloccelerate VC
Additional Investors: 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
Company Website: https://www.zenledger.io/
Software Category: Cryptocurrency tax software
About the Company: 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 includes integration support for over 400+ exchanges, 40+ blockchains, 20+ Defi protocols, and wallets.
Source: https://www.finsmes.com/2021/08/zenledger-raises-6m-in-series-a-funding.html