2 years ago
Cryptocurrency taxation services steadfast ZenLedger announced Wednesday it raised $15 cardinal successful Series B funding, bumping the company’s full backing up to $27 million.
Coming disconnected what CEO Pat Larsen called the 5 twelvemonth aged startup’s “best taxation play ever,” ZenLedger has seen its income turn five-fold. It is present courting caller markets successful an effort to grow further still.
ZenLedger helps token-holders navigate the ambiguities of crypto taxes by plugging into their trading information from wallets, exchanges and NFTs. It has plentifulness of competition successful that space: Last August, TaxBit raised $130 cardinal portion CoinTracker raised $100 cardinal up of taxation season.
According to Larsen, determination are presently 50,000 users of ZenLedger. It is present readying connected launching caller products tailored for prospects from the Registered Investment Advisor and Certified Public Accountant world.
ZenLedger besides plans to usage the backing to grow its team. That effort’s already begun: successful April, it hired a caller Chief Technology serviceman successful Daniel Escobar, a Bitpay alum, on with 3 different c-suite executives.
The circular was led by ParaFi Capital, with contributions from Bloccelerate VC, King River Capital, G1 Ventures, Main Street Investment, Three Point Capital, Shorooq Partners, VaynerFund, Blizzard Fund and AngelList Quant Fund, according to a property release.
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