Share this article
ZenLedger Raises $15M to Expand Crypto Tax Products
The funding comes on the heels of ZenLedger’s “best tax season ever.”
By Cam Thompson
Updated May 11, 2023, 4:19 p.m. Published May 25, 2022, 1:00 p.m.
Cryptocurrency tax services firm ZenLedger announced Wednesday it raised $15 million in Series B funding, bumping the company’s total funding up to $27 million.
The round was led by ParaFi Capital, with contributions from Bloccelerate VC, King River Capital, G1 Ventures, Main Street Investment, Three Point Capital, Shorooq Partners, VaynerFund, Blizzard Fund and AngelList Quant Fund, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Coming off what CEO Pat Larsen called the 5-year-old startup’s “best tax season ever,” ZenLedger has seen its sales grow fivefold. It is now courting new markets in an effort to expand further still.
ZenLedger helps token-holders navigate the ambiguities of crypto taxes by plugging into their trading data from wallets, exchanges and non-fungible tokens (NFTs). It has plenty of competition in that space: Last August, TaxBit raised $130 million while CoinTracker raised $100 million ahead of tax season.
According to Larsen, there are currently 50,000 users of ZenLedger. It is now planning on launching new products tailored for prospects from the registered investment advisor (RIA) and certified public accountant (CPA) world.
ZenLedger also plans to use the funding to expand its team. That effort’s already begun: In April, it hired a new chief technology officer in Daniel Escobar, a Bitpay alum, along with three other C-suite executives.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand
Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
What to know:
- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a filing.
- The move follows similar initiatives by the New York Stock Exchange and reflects growing global demand for extended market access.
- Always-on cryptocurrency trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
Top Stories
