Cryptocurrency investment management startup CoinTracker has raised $1.5 million in seed funding from some heavyweight investors, the firm announced on Tuesday.
Backed by seed accelerator Y Combinator, the round was spearheaded by Initialized Capital - an early Coinbase investor that was in part established by Reddit co-founder Alexis Ohanian.
Protocol Labs founder and FileCoin creator Juan Benet and Gmail creator Paul Buchheit also notably took part in the round.
CoinTracker co-founder Chandan Lodha told CoinDesk that the company's core premise is to "make crypto more accessible, easier to use and simpler for a mainstream audience."
"I think one of things that appeals to some of the folks that are in the round is that we're taking this not well understood and confusing and complicated space and just making it super easy so that anyone interested in the space could get involved," he told CoinDesk.
Source:
https://www.coindesk.com/crypto-portfolio-tracker-raises-1-5-million-in-funding/
