CoinTracker raises $100 million in new funding round

Crypto tax firm CoinTracker has raised $100 million in funding from institutional investors and high-net-worth individuals.

The investment puts the CoinTracker’s valuation at $1.3 billion.

CoinTracker enables consumers to track their crypto portfolios across exchanges and wallets, helping users monitor their market value, investment performance, transactions and taxes.

The funding round was led by venture capital firm Accel.

Other investors such as Initialized Capital, General Catalyst, Y Combinator Accuity, and Seven Seven Six, the venture firm of Reddit co-founder Alexis Ohanian, also participated.

CoinTracker will use the funds to expand it’s personnel, maintain coverage of exchanges, blockchains, and other crypto sectors, as well as to scale customer support and content.