Crypto Tax Firm CoinTracker Valued At $1.3 Billion After $100 Million Fundraise
NDTV
CoinTracker, which tracks consumers' cryptocurrency taxes and portfolios, said on Thursday it has raised $100 million in funding from a slew of institutional investors and high-net-worth individuals.
New York: CoinTracker, which tracks consumers' cryptocurrency taxes and portfolios, said on Thursday it has raised $100 million in funding from a slew of institutional investors and high-net-worth individuals.
The investment puts the company's valuation at $1.3 billion.
CoinTracker enables consumers to track their crypto portfolios across exchanges and wallets, helping users monitor their market value, investment performance, transactions and taxes.
The funding round was led by venture capital firm Accel, according to a statement from CoinTracker, with investors such as Initialized Capital, General Catalyst, Y Combinator Accuity, and Seven Seven Six, the venture firm of Reddit co-founder Alexis Ohanian, also participating.
