Thursday, March 28

CoinTracker Reaches $1.3B Valuation After Raising $100M By Cointelegraph


©Reuters. CoinTracker Reaches $1.3B Valuation After Raising $100M

Cryptocurrency portfolio tracker and tax calculator CoinTracker has achieved coveted “unicorn” status after raising $100 million in Series A funding, proving once again that investors are pouring vast sums of capital into focused companies. in cryptocurrencies.

The Series A investment round was led by California-based venture capital firm Accel, with additional participation from General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase (NASDAQ:) Ventures, Intuit Ventures and Kraken. Ventures. Individual investors participating in the round include Hughes Johnson, former COO of Stripe, Gokul Rajaram, a member of Coinbase’s board of directors, and Jeremy Liew, an early investor in Affirm and Snapchat.

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With the new capital raising, CoinTracker’s total valuation rose to $1.3 billion, making it the newest unicorn in the crypto industry. In the startup world, unicorns are companies that have reached a valuation of at least $1 billion.

Read the full article on Cointelegraph

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