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Draper Associates Leads Cryptio’s $ 1.2 Million Funding Round

Cryptographic accounting platform Cryptio has raised $ 1.2 million in seed funding led by venture capital fund Draper Associates.

The round was also attended by ConsenSys Ventures, Outlier Ventures, Aave founder Stani Kulichev and other business angels.

The project will spend the funds raised on accounting solutions for digital assets.

Cryptio connects cryptocurrencies with the legacy accounting systems of the largest companies. So, in 2020, the platform released solutions for Xero and Quickbooks systems.

Cryptio plans to launch an updated version of its product in the second quarter of 2021, according to a press release.

As a reminder, in October 2020, Draper Associates took the lead in a $ 3.5 million funding round for the Unocoin exchange.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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