Cryptocurrency Tax Software Provider Gets a Valuation of $1.33 billion


Cryptocurrency tax software provider, TaxBit, has raised $130 million in a Series B funding round. It has a $1.33 billion valuation. This funding round was led by IVP and Insight Partners. Other investors like Tiger Global, Paradigm, 9Yards Capital, Sapphire Ventures, Madrona Venture Group, and Anthony Pompliano also participated. 

TaxBit was co-founded in 2018 by brothers Austin and Justin Woodward with their cousin Brandon Woodward. They began with a vision to simplify crypto taxes by automating the regulatory hurdles of tax compliance. TaxBit is headquartered in Salt Lake City. But has recently opened their second headquarters in Seattle. The software has been designed by Certified Public Accounts (CPAs) and tax attorneys. Their customers include institutional investors, government...

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