As large enterprises invest in blockchain technology, they quickly discover the need for accounting software that can help them track a growing hoard of digital assets. Cryptio, a crypto accounting startup, has benefited from that wave of institutional interest and announced Thursday that it’s raised $45 million in a Series B funding round.
The company provides software to help customers track what digital assets they own and where they’re stored. Cryptio also helps clients manage their crypto loans and monitor other blockchain-related assets. The venture firms BlackFin Capital Partners and Sentinel Global led the startup’s fundraise, which closed three weeks ago. Other participants included 1kx, BlueYard Capital and Ledger Cathay Capital. Antoine Scalia, founder and CEO of Cryptio, declined to specify at what valuation his startup raised its most recent round of capital.
