Tactic is the crypto accounting platform that's built to save businesses time.
Lux Capital, Exponent Founders Capital, Definition Capital, Coinbase Ventures, Founders Fund, Ramp, Dylan Field, Elad Gil, and Sabrina Hahn were also a part of the round, which was led by FTX Ventures to invest $11m into Tactic.
Tactic, led by CEO Ann Jaskiw, offers a platform that simplifies bitcoin accounting for companies. The platform offers the data in an accounting-ready manner that syncs to general ledger software like QuickBooks for businesses using the system, which allows for the connection of digital wallets. It provides an accounting-friendly formatted picture of the organization's treasury as well as a transaction audit trail.
Jaskiw stated that Tactic intends to "cautiously" grow its 12-person team with the new money, especially in engineering and product jobs. The fact that the entire staff is physically situated in New York, according to Jaskiw, was a selling point for some investors. She compared Tactic's strategy to that of FTX, which she claimed was able to create a sizable product with a small engineering staff.
Jaskiw told TechCrunch at the time that the company had "dozens" of clients before announcing its seed investment in May. In the most recent chat, she declined to provide an updated customer figure but stated that the company is more concerned with aiding large, U.S.-based C-corps than it is with supporting early-stage startups.
Jaskiw stated that Tactic aims to consolidate the management of businesses' crypto accounting procedures under one roof. Because of its popularity in the NFT market, the startup just extended support for the Polygon layer-two blockchain, according to Jaskiw. As platform usage increases, Tactic is also concentrating on developing "deeper analytics and smarter classification workflows," she continued.
Find out more here: https://www.tactic.com/
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