A startup company co-founded by a Waterloo Engineering alumnus to help people manage their cryptocurrency investments has joined the ranks of unicorns.
CoinTracker, an online service based in San Francisco, recently announced a US $100-million funding round that gives it a valuation of US $1.3 billion.
Company co-founder and chief executive officer Jon Lerner, who was born in Russia and grew up in Ottawa, graduated from Waterloo in 2010 with a degree in computer engineering.
“CoinTracker and its investors have a shared mission of increasing the world’s financial freedom and prosperity,” Lerner, who previously co-founded mobile application TextNow with classmate Derek Ting while they were both still students, said in a media release.
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