# Verady

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

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.verady.com
- Total disclosed funding: $20M
- Latest round: Series A (Jun 7, 2022)
- Investors on record: 6

## About

Verady, Inc. is a technology company that specializes in cryptocurrency tax and accounting solutions, providing services tailored for enterprises and institutions handling digital assets.Founded in 2016 and headquartered in Atlanta, US, Verady, Inc. focuses on offering a comprehensive platform for managing digital asset transactions. The company's CEO, Kell Canty, leads their operations. Verady has successfully closed three funding rounds, with the most recent being a Series A round in June 2022, where they raised USD 20.00 mn from investors including EJF Capital, Commerce Ventures, and Fenbushi Capital. The total amount raised by the company is USD 20.00 mn, with a current valuation of USD 103.24 mn.Verady specializes in providing comprehensive cryptocurrency tax and accounting software designed specifically for enterprises and institutions managing digital assets. Their core product offerings include a robust digital asset accounting platform, tax information reporting functionalities, and advanced crypto data normalization tools. These solutions streamline various operational tasks such as month-end reporting, portfolio analysis, and tax compliance, ultimately facilitating the integration of digital asset data into existing financial systems. Ledgible, their primary product, serves a diverse clientele that includes financial institutions, asset managers, and tax professionals, enabling them to navigate the complexities associated with digital asset transactions and compliance.Verady's revenue model is structured around B2B transactions, primarily through subscription-based pricing for their software solutions. Their flagship product generates revenue through annual subscriptions that provide users with enterprise-grade tools for managing digital asset data and compliance. Additionally, partnerships with established accounting and tax software providers enhance their service offerings, contributing to a steady revenue stream. The company’s pricing tiers cater to a range of institutional clients, ensuring that their solutions are scalable and aligned with the specific needs of the enterprise clients they serve.In June 2022, Verady, Inc. raised USD 20.00 mn in Series A funding led by EJF Capital, with participation from Commerce Ventures, Fenbushi Capital, JAM FINTOP, Thomson Reuters Ventures, and returning investor TTV Capital. The company will utilize the funds to support the adoption of crypto-asset tax and accounting tools by professionals, businesses, and institutions. Future plans include the design and launch of new products aimed at enhancing the functionality of their platform and expanding into additional markets, including Europe and Asia, by the end of 2024.

## Funding rounds

- Series A, Jun 7, 2022, $20M — TTV Capital, EJF Capital, Commerce Ventures, Fenbushi Capital, Jacobs Asset Management, Thomson Reuters Ventures

## Investors

- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Series A
- EJF Capital (https://capitalatlas.ai/funds/ejf-capital) — Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Jacobs Asset Management (https://capitalatlas.ai/funds/jacobs-asset-management) — Series A
- Thomson Reuters Ventures (https://capitalatlas.ai/funds/thomson-reuters-ventures) — Series A