Crypto portfolio tracker and tax calculator CoinTracker reportedly managed to secure “unicorn” status, following a $100 million capital injection via Series A fundraising. 

Specifically, the Serie A funding round – which is an additional instance showing investors’ intention of dedicating significant capital towards crypto-centric firms – was reportedly led by the venture capital company from California Accel. 

The round further witnessed General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase Ventures, Intuit Ventures and Kraken Ventures taking part in also. 

A few nominal names of individual investors took part in the fundraising as well, nominally former Stripe chief operating officer Hughes Johnson, Coinbase board member Gokul Rajaram and Jeremy Liew, an early investor in Affirm and Snapchat.

The freshly secured capital injection will reportedly help CoinTracker achieve the $1.3 billion figure in terms of overall valuation, helping it secure the unicorn status – the most recent entity in the crypto sphere to pull this off. 

“Unicorn” is reportedly a term in the startup space referring to entities possessing a minimum valuation of $1 billion.

CoinTracker additionally revealed its intention of dedicating the funds towards satisfying the increasing demand for complex tax reporting measures within the crypto sphere. 

It further aims to onboard more talents for its existing team, as well as widening the scope of its coverage of exchanges, chains and wallets. 

The firm also revealed that it currently has more than 500,000 users and takes care of tracking for more than $20 billion equivalent in crypto assets, throughout 25 blockchains and more than 300 exchanges.