Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors press release
PRESS RELEASE. ATLANTA, June 7, 2022 – Ledgible, the leading professional-first cryptotax andaccounting platform, today announced $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 VC, Nathan McCauley, and Perkins Coie. Ledgible now stands at the forefront of the professional-focused crypto tax & accounting industry. This 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.”
The investment will be used to expand the teams within their two core lines – Professional Tax and Enterprise Accounting, including further expansion to support their growing number of institutional partners and accounting firms.
“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.”
This investment also marks a significant milestone in the professional tax space, underscoring the need for and importance of cryptocurrency support in the industry.
“As leaders in tax and accounting technology, Thomson Reuters has direct insight into the complexity our customers face as crypto continues to grow as an asset class. Ledgible is the leading crypto tax software for professionals and our investment reflects Thomson Reuters Ventures’ commitment to serve our customers through investments in emerging technology,” said Tamara Steffens, Managing Director, Thomson Reuters Ventures.
The Ledgible Crypto Tax & Accounting Platform supports integrations across major blockchains, cryptocurrency exchanges, wallets, and professional accounting tools. As the bridge between cryptoassets and traditional financial accounting, Ledgible determines crypto tax liabilities and delivers that data to all professional tax filing systems as well as general ledger accounting systems. The platform features client management, collaboration driven workflow, team management, and is in use by tax and accounting professionals around the world.
About Ledgible
Ledgible is an AICPA SOC 1 & 2 assured tax reporting and portfolio tracking platform for crypto assets for professionals, enterprises, and consumers. The Ledgible Crypto Platform is the proven crypto asset solution for tax and accounting professionals with leading accounting firms, institutions, and major crypto companies globally. Ledgible Crypto Tax Pro is used by thousands of firms to make tax reporting easy for their professionals and clients. For more information, visit ledgible.io.
About EJF
EJF is a global alternative asset management firm headquartered outside of Washington, D.C. with offices in London, England and Shanghai, China. As of March 31, 2022, EJF manages approximately $5.1 billion across a diverse group of alternative asset strategies. EJF has approximately 80 employees, including a seasoned investment team of approximately 30 professionals with significant experience in banks, financials, fintech, and real estate. The firm was founded in 2005 by Manny Friedman and Neal Wilson and has focused on regulatory event-driven investment themes since inception.
Contact:
Jan Jahosky
jan@ledgible.io
Tags in this story Ledgible
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Bitcoin.com Media
Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. SpartaCats Troll DOGE With Billboard Near SpaceX Office PRESS RELEASE | 21 mins ago Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins NEWS | 2 hours ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleReport: Bored Ape Yacht Club Discord Attacker May Have Been Involved in Previous NFT Phishing Scams Next articlePhilippines Crypto Wallet Service Provider Coins.ph Partners With the PBA More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Iran to Increase Penalties for Unauthorized Cryptocurrency Mining Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether