VC Fund Investments
Crypto tracking startup Binocs raises $4-M led by Beenext
Bengaluru-based cryptocurrency taxation and Web3 portfolio tracking startup Binocs has raised USD 4 million led by Beenext, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures, and Better Capital. The startup was founded in July 2022 by Tonmoy Shingal (who earlier co-founded Mettl) and Pankaj Garg (who earlier co-founded Plabro Networks). Binocs enables crypto investors to simplify their accounting and aggregates various Web3-based investments such as NFTs, DeFi protocols, and smart contracts. The firm claims to help investors monitor their portfolios across over 300 exchanges, 50 wallets, NFTs, and smart contracts. Binocs, which is planning to launch its platform in the US, UK, South Africa, and Australia, will use the funds towards the expansion of its product, engineering, growth and marketing teams.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
