ZenLedger Announces $3.4M Seed Round
ZenLedger announces a $3.4M seed round to help investors correctly file their taxes amid increasing tax scrutiny.
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ZenLedger announced today in a press release that the blockchain tax service and analytics startup received $3.4 million in funding. The Seattle-based company provides tax software for cryptocurrency investors and accountants and assists with tax filing and financial analysis.
According to the release, ZenLedger 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.”
The round was led by Vestigo Ventures, a fintech investment firm, along with Gumi Cryptos, Castle Island Ventures, Unblock Ventures, and Migration Capital.
In September of last year, Vestigo Ventures also led a round of $1.5 million in ZenLedger funding. Mark Casady, Vestigo founder, Mark Casady said of the latest round:
“Digital assets are a great way for consumers to gain diversification. ZenLedger has built what is needed for tax infrastructure for this new market.”