Crypto Tracking Startup Binocs Raises $4 Million In Funding Led By Beenext

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The startup claims to help investors monitor their portfolios across over 300 exchanges, 50 wallets, NFTs, and smart contracts. Cryptocurrency taxation and Web3 portfolio tracking startup Binocs said on Thursday that it has raised $4 million in funding led by Beenext, along with Arkam Ventures, Accel, Saison Capital, Premji Invest, Blume Ventures, and Better Capital. 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. Binocs enables crypto investors to simplify their accounting and aggregates various Web3-based investments such as NFTs, DeFi protocols, and smart contracts. It's early days in the Web3 space and we believe Binocs has a unique opportunity to build a dominant accounting, tax, and compliance platform for consumers and enterprises.”