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Crypto Tax Software Company TaxBit Raised $130 Million In Series B At A Valuation Of $1.33 Billion
Summary: According to Bloomberg, TaxBit Inc., a cryptocurrency tax and accounting software manufacturer based in Utah, has completed a new round of financing of $130 million at a value of $1.33 billion, making the startup a new crypto unicorn. Investors include IVP, Insight, Tiger Global Management, Paradigm and 9Yards. TaxBit completed its strategic investment in January with ...
According to Bloomberg, TaxBit Inc., a cryptocurrency tax and accounting software manufacturer based in Utah, has completed a new round of financing of $130 million at a value of $1.33 billion, making the startup a new crypto unicorn. Investors include IVP, Insight, Tiger Global Management, Paradigm and 9Yards.
TaxBit completed its strategic investment in January with support from PayPal's venture capital division, Coinbase Ventures, and Winklevoss Capital.
In March of 2021, TaxBit raised $100 million in Series A financing, Paradigm and TigerGlobal led the investment. PayPal venture capital, Coinbase Ventures, Winklevoss Capital, BillAckman, Qualtrics co-founder Ryan Smith and other investors participated in.
The startup that provides reporting software to the Internal Revenue Service (IRS) and numerous institutional clients has increased its number of employees to 120 and established a second branch in Seattle.
By Mary Liu
Tags: Insight,IVP,Paradigm,TaxBit,Tiger Global Management
Link: Crypto Tax Software Company TaxBit Raised $130 Million In Series B At A Valuation Of $1.33 Billion [Copy]
