# KoinX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/koinx

- Industry: Financial Services
- Headquarters: Odisha, India
- Website: www.koinx.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Jul 5, 2022)
- Investors on record: 13

## About

Founded in 2022 by Punit Agarwal, and based in India, Simplify Infotech Private Limited, dba KoinX, offers a single platform for crypto investors to manage their taxes and manage their investments. In July 2022, Simplify Infotech Private Limited raised USD 1.5 million of Seed funding led by new investor iSeed with the participation of other new investors 1947 Rise, Kube VC, Ratio Ventures, Tykhe Block Ventures, and We Founders Circle.

The firm offers a unified platform for crypto, blockchain, and web3 enthusiasts to buy, sell, stake, calculate tax, earn interest rates, etc on their NFTs (Non-Fungible Tokens).  The platform has integrated with various crypto exchanges such as CoinDCX, Binance, WazirX, Vauld, BitBNS, CoinSwitch, and Kuber to automate the calculation of tax to be paid on cryptocurrency held/bought/sold by investors. 

The company intends to use the July 2022 funding to broaden its product offer.

## Funding rounds

- Seed, Jul 5, 2022, $1.5M — Bain Capital, Amazon, Netflix, Inc., Freshworks Inc., OYO Vacation Homes, Ripple Labs Inc., iSeed, We Founder Circle, Kube VC, Ratio Ventures, 1947 Rise, Robinhood Asset Management, Tykhe Ventures

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- Amazon (https://capitalatlas.ai/funds/amazon) — Seed
- Netflix, Inc. — Seed
- Freshworks Inc. — Seed
- OYO Vacation Homes — Seed
- Ripple Labs Inc. — Seed
- iSeed (https://capitalatlas.ai/funds/iseed) — Seed
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Seed
- Kube VC (https://capitalatlas.ai/funds/kube-vc) — Seed
- Ratio Ventures (https://capitalatlas.ai/funds/ratio-ventures) — Seed
- 1947 Rise (https://capitalatlas.ai/funds/1947-rise) — Seed
- Robinhood Asset Management (https://capitalatlas.ai/funds/robinhood-asset-management) — Seed
- Tykhe Ventures — Seed