Press release
PRICE RELEASE ATLANTA, June 7, 2022 – Ledgible, the leading professional-first crypto tax and accounting 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.
The round includes JAM FINTOP and Thomson Reuters Ventures. TTV Capital, Fenbushi US. Commerce VC, Nathan McCauley and Perkins Coie are also joining. 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,” Kell Canty CEO, 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 is the Managing Director of EJF. “We invested in Ledgible because we see them as the preferred solution to account for digital assets on the blockchain.”
The investment is also a milestone for professional tax professionals, underscoring how important and necessary cryptocurrency support is in this 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. Ledgible is the link between cryptocurrencyassets, traditional financial accounting and cryptoassets. It determines tax liability for crypto assets and sends that information to professional tax filing systems and general ledger accounting system. This platform is available to tax and accounting professionals all over the globe and includes client management, collaborative workflow, team management, as well as client management.
More about Ledgible
Ledgible is an AICPA SOC 1 & 2 assured tax reporting and portfolio tracking platform for crypto assets for professionals, enterprises, and consumers. Ledgible Crypto Platform, a trusted crypto asset platform for accounting and tax professionals, is partnered with top accounting institutions and crypto giants worldwide. Many firms use Ledgible Cryptotax Pro to simplify tax reporting for clients and their staff. Visit ledgible.io for more information.
EJF:
EJF, an alternative asset management company, has its headquarters outside Washington, D.C., but also has offices in London, England, Shanghai, China, and London, England. EJF managed approximately $5.1 million in alternative assets strategies, as per March 31, 2022. EJF currently employs around 80 professionals, with a team that includes 30 experienced investment specialists who have extensive knowledge in real estate, banking and financials. Manny Friedman, Neal Wilson founded the firm in 2005 and have been focusing on regulatory-driven investment themes ever since.
Contact:
Jan Jahosky
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