Led · Equity · Feb 2022

TerraZero Technologies is a vertically integrated Metaverse development group and Web 3.0 technology company that develops, acquires, and finances promising Metaverse companies, entrepreneurs, and developers. It builds proprietary tools that bridge the real world with the Metaverse and segments its business into five divisions: virtual real estate, advertising, data analytics, events and marketing, and infrastructure. TerraZero owns digital real estate, provides offices and services in the Metaverse, and designs, builds, and operates virtual assets and solutions to monetize the Metaverse ecosystem. The company works with large international companies and brands, including clients such as Atlantic Records and a Fortune 500 beverage brand, to help them enter the Metaverse. Founded by Dan Reitzik, TerraZero aims to support community, foster innovation, drive adoption, and accelerate the launch of its proprietary technologies and studio business. Financially, BIGG Digital Assets has invested in TerraZero (CAD $9.8M announced Feb 10, 2022) and now holds a material minority stake. TerraZero Develops, Acquires and Finances innovative Metaverse projects, companies, entrepreneurs and developers, focusing on engagement, community and usability solutions that bridge the real world and the Metaverse. The company builds products and services intended to scale new economies and enhance immersive user experiences to shape the future of Web 3.0 and decentralization. Its team is described as founded by executives and entrepreneurs from blockchain, cryptocurrency, design, programming, marketing and finance. TerraZero positions itself as both an operator and investor in Metaverse-focused businesses, aiming to connect real-world users to Metaverse environments. The press release identifies Dan Reitzik as TerraZero's CEO and highlights ongoing collaboration with strategic partners and investors. Beyond the stated vision and team composition, no revenue, user or valuation metrics are disclosed in the article.

Participated · Series A · Aug 2021

ZenLedger builds crypto tax-preparation software that ingests transactions from on-chain and off-chain sources—including NFTs, decentralized exchanges and DeFi protocols—cleans and reconciles them, and outputs accounting and tax reports. The product supports more than 500 exchanges, 50 blockchains and 40 DeFi protocols, and is used by individual filers as well as Big Four accounting firms, ultra-high-net-worth tax practices and CPA firms. The company says its revenue has grown 5x year-over-year and it holds four U.S. government contracts worth just over $500,000. ZenLedger says it is doubling down on government contracting and plans to keep building integrations to expand exchange, chain and protocol support. The company announced multiple C-suite hires in April, including a new CTO and CFO, and named Greg Adams as COO after firing its former COO for misrepresenting credentials. ZenLedger provides a cryptocurrency portfolio management and tax software platform that enables investors and traders to view portfolio performance and track tax savings in a continuously updated dashboard. The platform offers a digital workflow for investors and accountants to simplify, optimize, and automate tax and accounting processes to help adhere to IRS and SEC regulations. It integrates with more than 400 exchanges, 40+ blockchains, 20+ DeFi protocols and all wallets. ZenLedger raised $6M in a Series A and has raised $11.5M total to date. The company plans to use the new capital to release its cryptocurrency portfolio management solution, hire across marketing, enterprise sales, customer service, and software engineering, and further advance product and customer experience. Founded in 2017 by CEO Pat Larsen and CTO Bryan Starbuck and based in Seattle, WA, the company targets investors, traders, and accountants managing crypto tax and compliance. ZenLedger provides tax, financial analysis, and blockchain analytics tools that import transactions from hundreds of exchanges, wallets, and blockchains to generate profit & loss statements, tax loss harvesting analysis, Schedule D, Form 8949, FinCEN 114/FBAR, FATCA outputs, and full audit packages. The platform has helped thousands of cryptocurrency investors and accountants and has processed more than $1B of crypto transactions. Customers report saving dozens of hours and thousands of dollars using the software. ZenLedger says it has grown revenue and customers by over 500% year over year and operates with a 15-person team in Seattle. Management plans to continue improving its tax, financial analysis, and blockchain analysis products and to hire additional developers, marketers, and customer success specialists. ZenLedger is a Seattle-based provider of tax software for cryptocurrency investors and their accountants. Its platform lets users import transactions, calculate gains and income, prepare tax returns, manage portfolios, and generate profit-and-loss statements. The product is designed to help cryptocurrency investors and their accountants file taxes and avoid IRS audits. Led by CEO Pat Larsen and CTO Bryan Starbuck, the company raised $1.5M in venture funding to support growth. ZenLedger plans to use the funds to accelerate product development and expand marketing to CPAs and individual investors.