CoinTracker, a San Francisco, CA-based the market leader in cryptocurrency tax and portfolio tracking for consumers, secured $100m in Series A financing, bringing its total valuation to $1.3 billion.
The round was led by Accel, with participation from new and previous investors including General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase Ventures, Intuit Ventures, Kraken Ventures, as well as Claire Hughes Johnson (Former COO, Stripe), Gokul Rajaram (Coinbase and Pinterest board member), Jeremy Liew (Early Investor in Affirm and Snapchat), and Alex Bouaziz (Deel CEO).
The company intends to use the funds to add talent, including Head of Engineering Gaurav Garg, formerly VP of Engineering at Uber and Google; as well as Product Lead Zack Reneau-Wedeen, formerly Head of Product at Robinhood Crypto, continue to lead in coverage of exchanges, chains, and popular cryptocurrency segments such as DeFi and NFTs as the industry evolves, expand CoinTracker for tax professionals, scale customer support, content and community.
Led by Jon Lerner, CEO and co-founder, CoinTracker enables consumers to track their entire crypto portfolio, across exchanges and wallets, helping users see their market value, investment performance, transactions, and taxes as they transact with cryptocurrency. CoinTracker is the exclusive cryptocurrency tax partner for many of the top exchanges and tax products, including Coinbase, OpenSea, Intuit’s TurboTax, and Blockchain.com, whose users benefit with a more seamless tax experience, and in many cases can receive free tax reports.
FinSMEs
27/01/2022