ZenLedger Announces Strategic Seed Series To help Cryptocurrency Investors and Accountants Navigate Increased Tax Enforcement from the IRS
Vestigo Ventures leads the $3.4 million round to enable crypto investors to more easily manage their portfolio, generate profit loss statements, file their taxes, and avoid IRS audits.
SEATTLE, Dec. 17, 2019 /PRNewswire-PRWeb/ -- ZenLedger.io, a cryptocurrency tax analysis and blockchain analytics startup, announced a strategic seed raise of $3.4M. The fintech startup has helped thousands of cryptocurrency investors and accountants with tax filings and financial analysis, exceeding $1B of crypto transactions with significant tax and time savings.
Customers often save dozens of hours and thousands of dollars, freeing them to focus on growing their investments. ZenLedger brings a human touch as well, making it easy for you to get help anytime by phone, chat, or email because some people dislike math, and everyone dislikes taxes.
Vestigo Ventures, who invest in transformative fintech companies, led the round and is joined by Gumi Cryptos, Castle Island Ventures, Unblock Ventures, and Migration Capital.
ZenLedger, a Seattle based startup with 15 team members, has grown revenue and customers by over 500% year over year.
Pat Larsen, CEO of ZenLedger.io: "We started ZenLedger because we knew we could help crypto investors and provide a valuable tax service while also helping the overall crypto and blockchain community to flourish by staying on the right side of the law. We set out to have great customer service, a fast and easy customer experience, and a professional grade product and I believe we've done that. I'm so proud of our team and really excited by what we can accomplish as we improve our tax, financial analysis, and blockchain analysis products for crypto investors and accountants. We can continue to hire great developers, marketers, and customer success specialists."
Mark Casady, Founder & General Partner at Vestigo: "ZenLedger is the kind of company we love to back: great leadership, technology driven, and highly innovative. Digital assets are a great way for consumers to gain diversification. ZenLedger has built what is needed for tax infrastructure for this new market. We look forward to Pat and the team using this investment to build its business into the market leader."
Miko Matsumura, General Partner at Gumi Cryptos added: "ZenLedger is the leading provider in the fast-growing area of tax accounting for cryptographic assets. We're proud to invest in what will undoubtedly be the gold standard for tax treatment in our industry."
ZenLedger.io has the ambitious goal to make taxes easy for cryptocurrency investors and their accountants, saving them stress, time, and money. ZenLedger helps investors, miners, and traders to avoid overpaying on taxes, allowing them to deploy more capital to invest. The software takes in transaction information from hundreds of exchanges, wallets, and blockchains to produce a full profit & loss, tax loss harvesting analysis, Schedule D, 8949, Fincen 114 FBAR, FATCA, and a full audit package.
Link to ZenLedger.io PRESS KIT
About ZenLedger.io
Built by industry veterans in technology, finance, and accounting, ZenLedger.io quickly imports transactions, calculates gains and income, and prepares your tax returns for you. Using ZenLedger, cryptocurrency investors and CPA's can manage their portfolio, generate profit loss statements and tax forms. We offer automated tools to help investors and CPA's reduce the uncertainty, frustration, and manual grunt work of crypto tax accounting. Learn more at https://www.ZenLedger.io/
About Vestigo Ventures
Vestigo Ventures is a data-driven venture capital firm that backs early-stage financial technology companies poised to transform the future of the industry. Lead by a team with a wealth of experience growing and scaling early-stage companies, Vestigo combines their operational know-how with proprietary algorithms and data insights to inform investment opportunities. The firm empowers its portfolio companies with access to an expansive network of industry leaders, ranging from LPs to regulators and data driven insights to enable their portfolio companies to achieve unprecedented growth and success. Headquartered in Cambridge, MA, Vestigo was founded in 2015, learn more about the firm and its portfolio companies at http://www.vestigoventures.com.
ZenLedger Media Contact:
Irina Barber
Director of Marketing
[email protected]
BIGfish Communications for Vestigo Ventures
Vestigo Ventures Media Contact:
Chelsea Higgins
[email protected]
SOURCE ZenLedger
Share this article