Crypto tax software Ledgible closes $20 million Series A round

Crypto tax and accounting startup Ledgible has closed a $20 million Series A led by asset management firm EJF Capital. Thomson Reuters Ventures, Fenbushi US and TTV Capital among others also joined the round, according to a release. 

Ledgible says it integrates major blockchains, exchanges, wallets, and professional accounting tools in order to determine tax liabilities for both consumers and enterprises. The funding will be used to expand its product offering, as well as to recruit experts for its ‘professional tax’ and ‘enterprise accounting’ product lines. 

“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 Ledgible CEO Kell Canty in a statement. 

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