Crypto Tax and Accounting startup, ZenLedger raises $6 Million

ZenLedger, a cryptocurrency tax and accounting startup, has now secured $6 million in a Series A funding round.

Washington headquartered ZenLedger is founded by Pat Larsen in the year 2017. The blockchain startup offers a cryptocurrency tax management solution. It helps both the investors and traders to view their portfolio performance and track their tax savings all in one continuously updated intuitive dashboard.

Pat Larsen, CEO of ZenLedger, said, "Cryptocurrency is going to continue to transform finance and reach into our daily lives, but it is still considered a mystery to many. It’s an honor to help people by relieving their stress and worry about crypto taxes. We are thrilled to work with such an incredible network of investors, and we are excited to continue making cryptocurrency more accessible to all."

Kate Mitselmakher, General Partner at Bloccelerate VC, said, "The proliferation of blockchain applications and digital assets is exponentially increasing compliance and reporting complexities for both retail investors and government agencies alike. ZenLedger is on the forefront of supporting this trend with industry-leading tools that will only grow rapidly in demand. We are extremely excited to partner with the exceptionally talented, driven, and creative team from ZenLedger."

Bloccelerate VC led the latest funding round. Other participating investors include Mark Cuban’s Radical Ventures, Borderless Capital, Centrality, 4RC, CoinGecko, Accelerator Ventures, BIGG Digital Assets, and G1 VC.

The crypto tax startup, as of now, has plans to use the new funds to release its cryptocurrency portfolio management solution.  To advance overall customer experience and product, the blockchain company also intends to invest in growing its team in marketing, customer service, enterprise sales, and software engineering, notes the announcement.