ZenLedger raises $15 Million to expand Crypto Tax Products

 

ZenLedger, a Washington-based global leader in cryptocurrency data analysis, tax, and accounting, has now secured a $15 million Series B funding round.

ZenLedger was founded by Pat Larsen. It collects analyses, collects, and accounts for transaction information across lots of exchanges, DeFi, NFTs, tokens, and wallets in one dashboard. Crypto investors can gain some valuable portfolio and cash management insights while also saving time and stress.

ZenLedger helps cryptocurrency investors stay compliant with integration support for more than 500 exchanges, 40+ DeFi protocols, and 50+ blockchains which includes the NFTs.

ZenLedger supplies Blockchain protocols, corporations, investment funds, governments, and investment funds with the tools needed for accounting, taxation, audits, and investigation.

Ryan Navi of ParaFi Capital said, "As the digital asset space matures, we expect the demand for services that help provide regulatory and tax compliance to grow significantly over the coming years. We believe ZenLedger offers one of the most comprehensive crypto tax solutions in the market today and will help meet that growing demand. We're proud to become a strategic partner that can help ZenLedger expand further to become one of the leading end-to-end crypto tax tools in the industry."

Pat Larsen, CEO of ZenLedger, said, "We had our best tax season ever so far. Record numbers of investors and capital are flowing into crypto, NFTs, and defi- and we are happy to help all those people and their tax professionals with crypto accounting and taxes. We are thrilled about the fantastic investors in this round, and I'm excited to work with them and their amazing portfolio companies."

The round was backed by ParaFi Capital with participation from King River Capital, Bloccelerate VC, Main Street Investment, G1 Ventures, VaynerFund, Shorooq Partners, AngelList Quant Fund, Blizzard the Avalanche Fund,,, and Three Point Capital.

The crypto startup, as of now, has plans to use the new funds to expand services across the globe, innovate further on crypto finance products, and grow some of its government and retail market share.