— Coindesk
Libra announced it has raised $500,000 in a new seed round led by New York-based, seed-stage investment fund Liberty City Ventures.
The round, which coincides with the formal launch of its IRS-compliant accounting software LibraTax, also included participation from Raptor Ventures managing director James Pallotta and former Facebook software engineer and current BitGo CPO Ben Davenport.
Speaking to CoinDesk, Libra CEO Jake Benson indicated that the company intends to use the funds to build around its core product, creating a wide range of solutions for businesses and certified public accountants (CPAs) working in the bitcoin space.