On Tuesday (April 10), CoinTracker, a YC-incubated cryptocurrency investment management startup headquartered in San Francisco, USA, announced that it has received a $1.5 million seed round of financing, led by Initialized Capital, with participation from Protocol Labs Company founders and FileCoin creator Juan Benet, Gmail creator Paul Buchheit.

It is worth mentioning that the lead investor of this round of financing, Initialized Capital, was founded by Reddit co-founder Alexis Ohanian, and the venture capital was also an early investor in the well-known cryptocurrency exchange Coinbase.

According to Chandan Lodha, co-founder of CoinTracker, the core vision of the company is to make cryptocurrencies more accessible, usable, and accepted by mainstream users. He said:

"We're making cryptocurrency -- a poorly understood, messy and complex industry -- easier for more people interested in the space to participate in."

For this start-up company that came out of the well-known startup incubator Y Combinator, they hope to help ordinary people manage their own digital currency. For popular cryptocurrencies such as Bitcoin and Ethereum, you only need to enter the storage platform or wallet address, For other small currencies, users need to manually enter the purchase amount and time, and then the software can track and analyze your digital currency portfolio in real time.

Chandan Lodha explained:

"Our differentiating advantage is that users do not need to manually enter transactions every time, CoinTracker can synchronize different exchange accounts and different wallet information, only need to connect once, all transaction history can be traced back, and then you can easily see your numbers How currency investments perform, without having to do anything extra, is a real heavyweight 'hack' solution."

Recently, CoinTracker has also launched a tax function, which automatically outputs a Form 8949 tax form that meets the requirements of the US Internal Revenue Service by analyzing various digital currency transactions of users.