With the finalization of a $10 million investment round, London-based Harris and Trotter Digital Assets, a worldwide cryptocurrency accounting business, has taken a big step toward solving accounting issues that affects all Web3 projects. The round was headed by Orbs and includes investments from RE7 Capital, Kingsway Capital, and other notable Web3 community. The capital was raised via a priced equity round, with a valuation of $85 million for Harris and Trotter Digital Assets.
The management team of Harris and Trotter Digital Asset benefits from a variety of knowledge from former employees at prominent accounting firms, such as PwC, KPMG, Deloitte, EY, and BDO. Over 45 people make up the complete squad.
CEO Nicholas Newman stated:
“Digital Assets is a rapidly evolving technological space whose needs can only be met by an equally technologically enabled professional services firm. This strategic investment aligns us with some of the largest movers and shakers in this industry, which allows us to grow our technological arm further as we release our growing suite of SAAS products and services.”
This investment will accelerate their already quick development and enable them to serve more than 500 crypto-native customers. The strategic investment will also provide the digital asset professional services company a stronger technology emphasis as it aims to boost its SAAS revenue and competitive advantage.
Ran Hammer, VP of Business Development at Orbs stated:
“Harris and Trotter Digital Assets continue to combine their expertise with blockchain-powered technology. The team now looks to operate on the cutting edge of financial technology, delivering tools such as proof of reserves. This is particularly interesting as it’s where Orbs’ technology could be leveraged to ensure all data is trustworthy, accurate, and verifiable.”
