# ZenLedger

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

- Industry: Software
- Headquarters: Bellevue, US
- Website: www.zenledger.io
- Total disclosed funding: $24M
- Latest round: Series B (Aug 25, 2022)
- Investors on record: 24

## About

ZenLedger, Inc. provides cryptocurrency tax software to streamline tax calculations for investors and tax professionals, ensuring compliance and efficiency in tax reporting for digital assets.Founded in 2017, ZenLedger, Inc. is based in Bellevue, US, and specializes in crypto tax compliance solutions. The company has successfully completed five funding rounds, with its most recent deal occurring on August 25, 2022, when it raised USD 15.00 mn in a Series B round led by ParaFi Capital. Co-founders Bryan Starbuck, Drew Nordstrom, and Patrick Larsen have previously worked in finance and technology sectors, contributing to the company’s strategic direction.ZenLedger specializes in crypto tax software, designed to simplify the tax filing process for cryptocurrency investors and tax professionals. Their core offerings include automated calculation of cost basis, fair market value, and capital gains/losses from various crypto transactions using secure APIs. The software supports a wide array of exchanges, wallets, and blockchain networks, allowing users to manage their cryptocurrency portfolios effectively. With integrations across over 400 exchanges and support for more than 7000 token types, ZenLedger addresses the complexities of crypto tax compliance for individual investors and enterprise-level clients, primarily serving markets in the United States, Europe, and parts of Asia.ZenLedger generates revenue primarily through subscription-based pricing plans for individual users and tax professionals. The company offers a free plan for basic crypto tax calculations and more comprehensive paid plans that facilitate full-service tax filings, including state and federal returns. The fee structure starts at approximately USD 30 for basic services. The firm also provides resources and tools to enhance customer loyalty and streamline tax compliance, fostering long-term relationships with users, including individuals and businesses, who rely on ZenLedger's technology for accurate tax reporting.ZenLedger plans to leverage its recent funding of USD 15.00 mn raised in August 2022 to expand its product offerings and geographic reach. The company is developing new features within its tax software to enhance user experience and accuracy, with a targeted release in the upcoming quarters. Additionally, ZenLedger is looking to enter new markets in Asia and Europe by the end of 2023, aiming to capture a broader customer base as cryptocurrency regulations evolve.

## Funding rounds

- Series B, Aug 25, 2022 — FJ Labs
- Series B, Apr 21, 2022, $15M — Main Street Investment Partners, Three Point Capital, Shorooq Partners, Blizzard Fund, King River Capital, Bloccelerate VC, G1 Venture Capital, Vaynerfund, AngelList Quant Fund, ParaFi Capital
- Series A, Aug 3, 2021, $6M — Blackwater Capital, Accelerator Ventures, Centrality Communications, Coin-In, Radical Ventures, Vestigo Ventures, Castle Island Ventures, Borderless Capital, Migration Capital, Bloccelerate VC, G1 Venture Capital, Coingecko, BIGG Digital Assets Inc.
- Seed, Dec 17, 2019, $3.4M — gumi ventures, Vestigo Ventures, Castle Island Ventures, Migration Capital, Unblock Ventures Limited

## Investors

- gumi ventures (https://capitalatlas.ai/funds/gumi-ventures) — Seed
- Vestigo Ventures (https://capitalatlas.ai/funds/vestigo-ventures) — Seed, Series A
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed, Series A
- Migration Capital (https://capitalatlas.ai/funds/migration-capital) — Seed, Series A
- Unblock Ventures Limited — Seed
- Blackwater Capital (https://capitalatlas.ai/funds/blackwater-capital) — Series A
- Accelerator Ventures (https://capitalatlas.ai/funds/accelerator-ventures) — Series A
- Centrality Communications — Series A
- Coin-In — Series A
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Series A
- Borderless Capital (https://capitalatlas.ai/funds/borderless-capital) — Series A
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Series A, Series B
- G1 Venture Capital (https://capitalatlas.ai/funds/g1-venture-capital) — Series A, Series B
- Coingecko — Series A
- BIGG Digital Assets Inc. — Series A
- Main Street Investment Partners — Series B
- Three Point Capital (https://capitalatlas.ai/funds/three-point-capital) — Series B
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series B
- Blizzard Fund (https://capitalatlas.ai/funds/blizzard-fund) — Series B
- King River Capital (https://capitalatlas.ai/funds/king-river-capital) — Series B
- Vaynerfund (https://capitalatlas.ai/funds/vaynerfund) — Series B
- AngelList Quant Fund — Series B
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series B
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series B