Crypto Tax and Accounting Firm Ledgible Closes $20M Series A Roundbr>
Crypto tax and accounting platform Ledgible has announced a $20 million in funding for its Series A Round led by EJF Capital LLC (“EJF”) through its affiliate, the EJF Silvergate Ventures Fund. Joining the round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi US, Commerce Ventures, Nathan McCauley, and Perkins Coie.
Ledgible is an AICPA SOC 1 & 2 assured tax reporting and portfolio tracking platform for crypto assets for professionals, enterprises, and consumers. Ledgible Crypto Tax Pro is used by thousands of firms to make tax reporting easy for their professionals and clients.
The latest investment will be used to expand Ledgible’s product offerings as well as significantly grow its teams to meet the growing demand for its offerings.
“For any individuals, institutions, or enterprises that hold or deal with crypto assets, the ability to properly account for them and realize the appropriate gain and loss for tax and accounting purposes is essential,” said Kell Canty, CEO of Ledgible. “At Ledgible, we provide the platform to bridge the gap between digital assets and traditional finance.”
“We see crypto as both a transformative application of novel technology and the next large investible asset class. Individuals and institutional investors need to be able to integrate and account for this investment and report that to the IRS and certain other regulatory agencies, where applicable,” said Jonathan Bresler, Managing Director at EJF. “We invested in Ledgible because we see them as the preferred solution to account for digital assets on the blockchain.”