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Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors

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PRESS RELEASE. ATLANTA, June 7, 2022Notebookleading professional cryptocurrency tax as well as Accounting The platform today announced a $20 million Series A round led by EJF Capital LLC (“EJF”) through its EJF Silvergate Ventures Fund subsidiary.

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JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi US, Commerce VC, Nathan McCauley and Perkins Coie joined the round. Currently, Ledgible is at the forefront of the professionally oriented crypto tax and accounting industry. This investment will be used to expand Ledgible’s product offerings as well as significantly grow the team to meet the growing demand for its offerings.

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“For any person, institution or business that owns or deals with crypto assets, the ability to properly account for them and recognize the associated gains and losses for tax and accounting purposes is essential.” said Kell Canty, CEO of Ledgible. “At Ledgible, we provide a platform to bridge the gap between digital assets and traditional finance.”

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The investment will be used to expand teams across two main areas of professional taxation and business accounting, including further expansion to support a growing number of institutional partners and accounting firms.

“We see crypto as a transformative application of new technology and as the next major investment asset class. Individuals and institutional investors should be able to integrate and account for these investments and report it to the IRS and certain other regulators where applicable,” he said. Jonathan Bresler, Managing Director of EJF. “We invested in Ledgible because we believe they are the preferred solution for accounting for digital assets on the blockchain.”

This investment also marks a major milestone in the professional tax space, highlighting the need and importance of supporting cryptocurrencies in the industry.

“As a leader in tax and accounting technology, Thomson Reuters has a direct understanding of the challenges our clients face as crypto continues to grow as an asset class. Ledgible is the leading cryptocurrency tax software for professionals and our investment reflects the commitment of Thomson Reuters Ventures to serve our clients through investment in new technologies,” said Tamara Steffens, Managing Director of Thomson Reuters Ventures.

Ledgible Crypto Tax & Accounting Platform supports integration with major blockchains, cryptocurrency exchanges, wallets and professional accounting tools. As a link between crypto assets and traditional financial accounting, Ledgible determines the tax liability of crypto assets and communicates this data to all professional tax filing systems, as well as general ledger accounting systems. The platform provides client management, collaborative workflow, team management and is used by tax and accounting professionals around the world.

About Legibla

Accountable is an AICPA SOC 1 and 2 crypto asset tax reporting and portfolio tracking platform for professionals, businesses and consumers. The Ledgible Crypto Platform is a proven crypto asset solution for tax and accounting professionals with top accounting firms, institutions and major crypto companies around the world. Ledgible Crypto Tax Pro is used by thousands of firms to simplify tax reporting for their professionals and clients. For more information visit Ledgible.io.

About the EJF

EJF is a global alternative asset management company headquartered outside of Washington DC with offices in London, England and Shanghai, China. As of March 31, 2022, the EJF manages approximately $5.1 billion under a variety of alternative asset strategies. EJF employs approximately 80 people, including an experienced investment team of approximately 30 professionals with significant experience in banking, finance, fintech and real estate. The firm was founded in 2005 by Manny Friedman and Neil Wilson and has been dealing with regulation-focused investment topics since its inception.

Contact:

Jan Yahosky

[email protected]


This is a press release. Readers should exercise due diligence before taking any action related to the advertised 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.



Credit : news.bitcoin.com

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