CryptoTaxCalculator secures capital raise

15 March 2022 By Naomi Neilson
CryptoTaxCalculator secures capital raise

CryptoTaxCalculator has secured a $4 million series seed capital raise, led by AirTree Ventures and with participation from Coinbase Ventures.

Firm: Herbert Smith Freehills (CryptoTaxCalculator)

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Deal: Herbert Smith Freehills’ (HSF) private equity and venture capital team has advised CTC Ledger (CryptoTaxCalculator) on its $4 million series seed capital raise by AirTree Ventures 2019 Partnership LP, with a significant participation from US crypto giant Coinbase Ventures.

Value: $4 million

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Area: Finance, venture capital

Key players: The team was led by co-head of venture capital Claire Thompson and solicitor Adam Ong. They were supported by partner Adam Charles and solicitors Esther Adeyinka and Mapa Madhawa.

Deal significance: CryptoTaxCalculator is an Australian technology company that collates data from hundreds of major crypto exchanges, blockchains and decentralised finance services and generates a report compatible with a range of different tax jurisdictions.

Commenting on the deal, Ms Thompson said: “We have been delighted to have assisted CryptoTaxCalculator on their first capital raise.

“This raise highlights the exciting growth of early-stage companies that assist in web3 products and crypto assets. Working on seed stage raises provides a fantastic opportunity to closely connect with founders and ensure that they have strong support to help build their businesses.”

CryptoTaxCalculator secures capital raise
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