CoinTracker is a San Francisco-based market leader in cryptocurrency portfolio tracking and tax. It has secured $100m Series A financing. This brings its total value to $1.3B.
Accel led the round, and there was participation from previous and new investors, including General Catalyst and Initialized Capital.
The company plans to use the funds for talent acquisition, including Gaurav Garg (formerly VP Engineering at Uber and Google); and Zack Reneau Wedeen (formerly Head of Product, Robinhood Crypto), who will continue to cover exchanges, chains and popular cryptocurrency segments like DeFi and NFTs as they evolve, expand CoinTracker to tax professionals, scale customer service, content, and community.
CoinTracker’s CEO Jon Lerner and co-founder allows consumers to track their entire cryptocurrency portfolio across all exchanges and wallets. This allows users to see their market value and investment performance as well as their taxes when they use crypto. CoinTracker is the only cryptocurrency tax partner of many top tax products and exchanges, such as OpenSea and Intuit’s TurboTax. Users can enjoy a seamless tax experience and, in some cases, receive tax reports for free.