About ZenLedger
ZenLedger is a company based in Bellevue (United States) founded in 2017 by Saqib Rasool and Kumar Thangudu.. ZenLedger has raised $25.9 million across 4 funding rounds from investors including Shorooq Partners, ParaFi and BIGG Digital Assets. ZenLedger offers products and services including Crypto Tax Software and Tax Pro Suite. ZenLedger operates in a competitive market with competitors including KoinX, TaxNodes, crypto tax calculator, Fyn and Divly, among others.
- Headquarter Bellevue, United States
- Founders Saqib Rasool, Kumar Thangudu
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.9 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series B
May 25, 2022
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Investors
Shorooq Partners
& 23 more
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Employee Count
Employee Count
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Products & Services of ZenLedger
ZenLedger offers a comprehensive portfolio of products and services, including Crypto Tax Software and Tax Pro Suite. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for computing gains, losses, and taxes on cryptocurrency transactions
Suite for tax experts to manage client crypto tax needs efficiently
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Funding Insights of ZenLedger
ZenLedger has successfully raised a total of $25.9M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $15.0M
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First Round
First Round
(17 Sep 2018)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - ZenLedger | Valuation | ParaFi | |
| Aug, 2021 | Amount | Series A - ZenLedger | Valuation | Bloccelerate | |
| Dec, 2019 | Amount | Seed - ZenLedger | Valuation | Vestigo Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ZenLedger
ZenLedger has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Shorooq Partners, ParaFi and BIGG Digital Assets. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Early-stage investments in tech companies are made by Shorooq Partners.
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Founded Year | Domain | Location | |
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Bloccelerate VC is focused on investing in blockchain startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ZenLedger
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ZenLedger
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zenledger Comparisons
Competitors of ZenLedger
ZenLedger operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KoinX, TaxNodes, crypto tax calculator, Fyn and Divly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Crypto tax management and exchange integration are facilitated online.
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| domain | founded_year | HQ Location |
Cryptocurrency tax calculations and reports are managed online.
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| domain | founded_year | HQ Location |
Cryptocurrency tax calculation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online platform for web3 tax calculations
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| domain | founded_year | HQ Location |
Platform offering crypto-based tax solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zenledger
Frequently Asked Questions about ZenLedger
When was ZenLedger founded?
ZenLedger was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ZenLedger located?
ZenLedger is headquartered in Bellevue, United States. It is registered at Bellevue, Washington, United States.
Is ZenLedger a funded company?
ZenLedger is a funded company, having raised a total of $25.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.4M, raised on Sep 17, 2018.
What does ZenLedger do?
ZenLedger was founded in 2017 in Bellevue, United States, focusing on the cryptocurrency sector. Cloud-based tools are provided for portfolio management, profit-loss statement generation, tax filing, and audit avoidance. Integration with various exchanges enables the creation of Capital Gains Reports, Income Reports, Donation Reports, and Closing Reports for users. Operations center on simplifying compliance for crypto investors through automated reporting features.
Who are the top competitors of ZenLedger?
ZenLedger's top competitors include KoinX, crypto tax calculator and TaxNodes.
What products or services does ZenLedger offer?
ZenLedger offers Crypto Tax Software and Tax Pro Suite.
Who are ZenLedger's investors?
ZenLedger has 24 investors. Key investors include Shorooq Partners, ParaFi, BIGG Digital Assets, Bloccelerate VC, and Radical Ventures.
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