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

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

14 minutes ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

42 minutes ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

2 hours ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

2 hours ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

2 hours ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

3 hours ago

This website uses cookies.