• ZenLedger

  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.

• Securitize

  Participated · Series B · Jun 2021

  Securitize provides infrastructure to tokenize real-world assets, enabling asset managers and institutions to issue blockchain-based versions of funds, bonds and private credit. The firm, backed by investors including BlackRock and Ark Invest, has worked with clients such as Apollo, KKR, Hamilton Lane and VanEck. Earlier this year it assisted the New York Stock Exchange in building a tokenized securities platform. Securitize is moving to go public via a SPAC merger with Cantor Equity Partners II and expects the combined company to list on the NYSE under the ticker SECZ after closing. The company is positioning itself within a tokenized real-world assets market that observers estimate has grown to more than $30 billion and could expand substantially over the next decade.

• BigTime Software

  Participated · Equity · May 2019

  BigTime offers cloud-based practice management software that consolidates time tracking, invoicing and project management for professional services firms. Its industry-specific solutions serve consultants across accounting, engineering, architecture and IT services and are used by more than 2,300 firms to track over $4 billion of billable time each year. The company emphasizes delivering user-friendly tools that provide real-time KPI reporting and financial visibility. BigTime plans to use new capital to enhance product development and innovation, expand recruiting in its Chicago and Phoenix offices, and bolster customer sales and support. Management says the company will prioritize growth in the SMB professional services automation market as firms shift toward virtual and hybrid workplace models. BigTime Software offers an integrated cloud-based platform for budgeting, time tracking, project management and invoicing used by more than 2,000 professional services firms. Founded in 2002 and bootstrapped by founder and CEO Brian Saunders, the company has positioned itself as an industry-leading SaaS provider. BigTime has received recognition including G2 Crowd’s Top 100 Software Companies, a Gold Stevie Award in Cloud ERP, and a top QuickBooks-integrated app nod from Intuit. Management says demand for its enterprise product outpaced its ability to scale without additional investment. The company plans to use new capital to deepen its senior management team, accelerate sales and marketing, and fast-track product development hires in its Chicago team. Its platform targets consultants across engineering, architecture and IT services with industry-specific practice-management tools. BigTime Software develops cloud-based productivity and practice-management tools with a customizable, browser-based interface for professional services firms. The company licenses its technology to OEM partners as a core component of accounting and productivity suites. BigTime is an Intuit Gold Certified Developer and a member of the Microsoft Partner Network. It has users in the United States, Canada, the UK and Australia. Founded in 2002 by CEO Brian Saunders, the company intends to use new funding to expand its sales channel and marketing efforts. The fundraising is part of a Series A round totaling $2.7M.

No current team members are available.