What is CoinTracker?
Founded in 2017 and based in San Francisco, CoinTracker specializes in providing cryptocurrency portfolio tracking and tax compliance solutions for consumers. The company leverages advanced technology and strategic alliances to offer accurate, straightforward, and dependable services designed to provide year-round value. CoinTracker addresses a critical need for individuals managing diverse digital asset portfolios, simplifying the often-complex process of monitoring investments and fulfilling tax requirements.
How much funding has CoinTracker raised?
CoinTracker has raised a total of $100M across 1 funding round:
Series A
$100M
Series A (2022): $100M with participation from Initialized Capital, Kraken Ventures, Accel, and General Catalyst
Key Investors in CoinTracker
Initialized Capital
Initialized Capital is a venture capital firm focused on supporting seed-stage founders across various sectors including enterprise SaaS, sustainability, health, hard tech, AI, infrastructure, consumer, and crypto. They provide tools and guidance for entrepreneurs from early stages to long-term success.
Kraken Ventures
Kraken Ventures is an investment arm focused on backing innovative companies within the digital asset and blockchain ecosystem. They provide strategic capital to support the growth and development of promising projects and platforms in the rapidly evolving cryptocurrency space.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth. They focus on supporting innovative companies and entrepreneurs looking to scale and succeed in their respective markets.
What's next for CoinTracker?
The recent major strategic investment positions CoinTracker for accelerated expansion and product development. This influx of capital, part of its $100M in total financing, will likely fuel enhancements to its tracking and tax compliance technologies, potentially broadening its market reach. CoinTracker's focus on simplifying cryptocurrency management suggests a strategic push to capture a larger share of the growing digital asset market, aiming to solidify its role as a leading platform for consumers and investors.
See full CoinTracker company page
