Draper Associates Leads $1.2 Million Seed Round for Cryptio

The cryptocurrency accounting platform Cryptio raised $1.2 million. The seed round was led by venture fund Draper Associates.

Super excited to announce that @cryptio_co has closed a seed round with @TimDraper and its VC fund @drapervc alongside top crypto and non crypto investors like @StaniKulechov, @SGHCAPITAL, @bneiluj , @OVioHQ @jamie247 @rumimorales and others!!https://t.co/itqImndgyh

👇Thread

— cryptio (@cryptio_co) April 6, 2021

The round also included ConsenSys Ventures, Outlier Ventures, Aave founder Stani Kulechov, and other business angels.

The funds will be used to develop solutions for digital-asset accounting.

Cryptio connects cryptocurrencies with the legacy accounting systems of major companies. In 2020 the platform released solutions for Xero and QuickBooks.

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

Back in October 2020, Draper Associates led a funding round of $3.5 million for the Unocoin exchange.

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