News

CoinTracker, A Cryptocurrency Tax Reporting Software, Has Raised $100M In Series A Investment.

CoinTracker has received a $100 million Series A investment round. With the round, the company has joined the unicorn club and is now valued at $1.3 billion.

CoinTracker

CoinTracker, a cryptocurrency firm that assists customers with tax reporting and filing, has secured $100 million in a Series A fundraising round.

Accel led the round, which also included Coinbase Ventures, Kraken Ventures, Intuit Ventures, General Catalyst, Initialized Capital, Y Combinator Continuity, and Seven Seven Six Ventures.

The financing was also supported by angel investors such as Coinbase board member Gokul Rajaram, former Stripe COO Claire Hughes Johnson, Affirm and Snapchat investor Jeremy Liew, and Deel CEO Alex Bouaziz.

As part of the agreement, Accel partner Sagar Sanghvi has joined the CoinTracker board of directors.

The cryptocurrency firm’s co-founder and CEO Jon Lerner told  in an interview that the firm’s new funding would be used to grow its workforce, improve its platform, work with more crypto exchanges as partners, and expand internationally.

The company now has roughly 40 employees and plans to almost increase that number this year. Former Google and Uber employee Gaurav Garg was recently hired as the company’s director of engineering, while former Robinhood Crypto product head Zack Reneau-Weeden was recently hired as the company’s product lead.

CoinTracker, A Cryptocurrency Tax Reporting Software, Has Raised $100M In Series A Investment.

Regarding CoinTracker’s worldwide growth goals, Lerner stated that the site presently serves users from the United States, the United Kingdom, Canada, and Australia, and that it hopes to include European countries in the near future.

CoinTracker recently teamed with Coinbase to make it easier for its users to submit crypto taxes. Among its other partners are Intuit’s TurboTax and OpenSea. More such collaborations, according to Lerner, are in the works. 

In terms of improving CoinTracker’s platform, Lerner stated that new blockchains and protocols would be enabled to assist customers in filing taxes across crypto assets.

CoinTracker’s total financing to date is $102 million, thanks to the Series A round. In 2018, it received $2 million in startup investment.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News

Victor

Recent Posts

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

51 mins ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

4 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

6 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

6 hours ago

This website uses cookies.