How Much Did CoinTracker Raise? Headquarters, Funding & Key Investors

CoinTracker has raised a total of $101.62 million across multiple rounds, including a $100 million Series A in January 2022, led by Accel at a $1.3 billion valuation. Earlier, it secured $120K in pre-seed funding from Y Combinator and $1.5 million in seed funding from Initialized Capital. Founded in 2017, CoinTracker offers a cryptocurrency portfolio management and tax compliance platform used by over 2.5 million users globally. Backed by investors like General Catalyst and Coinbase Ventures, CoinTracker continues to scale its data integrations and compliance capabilities.

How Much Did CoinTracker Raise? Funding & Key Investors

CoinTracker has raised a total of $101.62 million in funding, most notably $100 million in its Series A round in January 2022, led by Accel, which valued the company at $1.3 billion. The company helps crypto investors manage portfolios and ensure tax compliance through integrations with over 500 platforms, including Coinbase and OpenSea.

What Is CoinTracker and What Does It Do?

CoinTracker, founded by Chandan Lodha and Jon Lerner in 2017, is headquartered in San Francisco, California, United States.

With a team of 51–100 employees, the company specializes in cryptocurrency portfolio management and tax compliance.

CoinTracker integrates with over 500 crypto exchanges and wallets, enabling users to track investments, generate tax reports, and analyze portfolio performance seamlessly. The platform serves over 2.5 million users globally and operates within the cryptocurrency, fintech, and software sectors, empowering investors to stay compliant with evolving tax laws.

How Much Funding Has CoinTracker Raised?

1. Pre-Seed Round

Amount Raised: $120K
Date: February 2018
Lead Investors: Y Combinator
Motivation: To develop and launch CoinTracker’s initial crypto tracking and tax reporting platform.

2. Seed Round

Amount Raised: $1.5 Million
Date: April 2018
Lead Investors: Initialized Capital
Motivation: To expand the team and build early market traction.

3. Series A Round

Amount Raised: $100 Million
Date: January 2022
Lead Investors: Accel
Motivation: To scale global operations, strengthen product integrations, and enhance regulatory compliance readiness.

Total Funding Raised: $101.62 Million

Current Valuation: $1.3 Billion (as of January 2022)

Latest Funding Date: January 2022

Key Investors

1. Accel

Details: Global venture capital firm that partners with exceptional teams from inception through all growth stages.
Investment Focus Areas: Technology, software, internet, and consumer services.
Notable Investments: Facebook, Slack, Spotify.

2. Initialized Capital

Details: Early-stage venture capital firm founded by Garry Tan and Alexis Ohanian, focusing on high-growth tech startups.
Investment Focus Areas: Technology startups, software, internet services.
Notable Investments: Coinbase, Instacart, Reddit.

3. Y Combinator

Details: Startup accelerator providing seed funding, mentorship, and networking for early-stage startups.
Investment Focus Areas: Technology, healthcare, consumer products.
Notable Investments: Airbnb, Stripe, Dropbox.

4. General Catalyst

Details: Venture capital firm offering early and growth-stage investments in transformative tech and consumer companies.
Investment Focus Areas: Technology, healthcare, consumer sectors.
Notable Investments: Airbnb, Stripe, Snap.

5. Coinbase Ventures

Details: Investment arm of Coinbase focusing on early-stage crypto and blockchain startups.
Investment Focus Areas: Cryptocurrency, blockchain technology.
Notable Investments: Compound, BlockFi, OpenSea.

Where Is CoinTracker’s Headquarters?

CoinTracker is headquartered in San Francisco, California, one of the world’s most active hubs for fintech innovation and cryptocurrency development. This location offers strategic access to top investors, blockchain talent, and regulatory engagement opportunities, enabling CoinTracker to stay at the forefront of crypto compliance innovation.

What’s Next for CoinTracker?

CoinTracker plans to expand globally amid rising crypto adoption and increasing tax compliance needs. Following its $100 million Series A round, the company is focusing on enhancing product features, improving tax automation, and expanding integrations across international markets. Key challenges include adapting to regulatory changes and maintaining data privacy.

With strong backing from Accel, Initialized Capital, and Y Combinator, CoinTracker is well-positioned to lead the future of crypto portfolio management and tax compliance technology.

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