TaxBit Overview

  • Founded
  • 2018
Founded
  • Status
  • Private
  • Employees
  • 34
Employees
  • Latest Deal Type
  • Series A3
  • Latest Deal Amount
  • $100M
Latest Deal Amount
  • Investors
  • 19

TaxBit General Information

Description

Developer of a SaaS platform designed to automate the tax calculations and reporting on cryptocurrency transactions. The company's platform serves everyday retail investors through a self-service model by integrating with exchanges and wallets, automatically pulling in a user's transaction data, running it through the tax code as applied to cryptocurrency, and then auto-generating the corresponding tax forms, enabling enterprise customers to deal with cryptocurrency by generating the required 1099 and other tax forms that enterprises are required to issue for tax purposes.

Contact Information

Website
www.taxbit.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Primary Office
  • 14203 Minuteman Drive
  • Suite 201
  • Draper, UT 84020
  • United States

TaxBit Timeline

201920202021
Financing RoundCaptured Employee CountEstimated Employee Growth
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TaxBit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Early Stage VC (Series A3) 02-Mar-2021 $100M 00000 00000 Completed Generating Revenue
3. Early Stage VC (Series A1) 07-Jan-2021 000 00.000 0000 Completed Generating Revenue
2. Seed Round 01-Dec-2019 $5M $5.75M 0000 Completed Generating Revenue
1. Seed Round 09-Jan-2019 $750K $750K 00.000 Completed Generating Revenue
To view TaxBit’s complete valuation and funding history, request access »

TaxBit Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series A-3 0,000,000 00.000000 000.00 000.00 00 000.00 00.000
Series A-2 000,000 00.000000 00.0 00.0 00 00.0 0.000
Series A-1 000,000 00.000000 00.0 00.0 00 00.0 0.000
Seed-1 2,808,826 $0.000001 $1.82 $1.82 1x $1.82 16.22%
Seed 1,250,000 $0.000001 $0.6 $0.6 1x $0.6 7.22%
To view TaxBit’s complete cap table history, request access »

TaxBit Executive Team (4)

Name Title Board Seat Contact Info
Austin Woodward Co-Founder, Chief Executive Officer and Board Member
Brandon Woodward Co-Founder & Executive of Product
Justin Woodward Co-Founder & Tax Attorney
You’re viewing 3 of 4 executive team members. Get the full list »

TaxBit Board Members (2)

Name Representing Role Since
Austin Woodward TaxBit Co-Founder, Chief Executive Officer and Board Member 000 0000
Diogo Myrrha Album VC Board Member 000 0000
To view TaxBit’s complete board members history, request access »

TaxBit Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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TaxBit Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Angel Collective Opportunity Fund Angel Group Minority 000 0000 000000 0
Anthony Pompliano Angel (individual) Minority 000 0000 000000 0
Galaxy Digital Partners Venture Capital Minority 000 0000 000000 0
Michael Vaughan Angel (individual) Minority 000 0000 000000 0
Original Capital Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 19 investors. Get the full list »