Draper Associates Leads Cryptio’s $ 1.2 Million Funding Round

Cryptographic accounting platform Cryptio has raised $ 1.2 million. Seed round of funding was spearheaded by venture capital fund Draper Associates.

ConsenSys Ventures, Outlier Ventures, Aave founder Stani Kulichev and other business angels also took part in the round.

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

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

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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Karice Dabule

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