TaxBit Overview
- Founded
-
2017

- Status
-
Private
- Employees
-
206

- Latest Deal Type
-
Later Stage VC
- Latest Deal Amount
-
$2M
- Investors
-
34
TaxBit General Information
Description
Developer of a SaaS platform designed to automate 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
- 66 East Wadsworth Park Drive
- Suite 201
- Draper, UT 84020
- United States
TaxBit Timeline
TaxBit Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
6. Later Stage VC | 17-May-2022 | $2M | 00000 | Completed | Generating Revenue | |
5. Early Stage VC (Series B) | 06-Aug-2021 | 00000 | 00000 | 00.000 | Completed | Generating Revenue |
4. Early Stage VC (Series A3) | 02-Mar-2021 | 00000 | 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 |
TaxBit Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series B | 0,000,000 | 00.000000 | 000.00 | 000.00 | 00 | 000.00 | 0.000 | |
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 | 14.62% | |
Seed | 1,250,000 | $0.000001 | $0.6 | $0.6 | 1x | $0.6 | 6.51% |
TaxBit Comparisons
Industry
Financing
Details
TaxBit Competitors (3)
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
ZenLedger | Venture Capital-Backed | Bellevue, WA | 00 | 000.00 | 00000000000 | 000.00 |
00000 000 | Corporation | New York, NY | 00 | 000000000 - | ||
00000000000 | Venture Capital-Backed | San Francisco, CA | 00 | 00000 | 00000000000 | 00000 |
TaxBit Executive Team (11)
TaxBit Board Members (10)
Name | Representing | Role | Since |
---|---|---|---|
Ajay Vashee | IVP | Board Observer | 000 0000 |
Amman Bhasin | PayPal Ventures | Board Observer | 000 0000 |
Austin Woodward | TaxBit | Co-Founder, Chief Executive Officer and Board Member | 000 0000 |
Diogo Myrrha | Album VC | Board Member | 000 0000 |
James Black | IVP | Board Member | 000 0000 |
TaxBit Signals
TaxBit Investors (34)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|---|---|---|---|---|
Alameda Research | Hedge Fund | Minority | 000 0000 | 000000 0 | |
Collab+Currency | Venture Capital | Minority | 000 0000 | 000000 0 | |
Haun Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
1/1 Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
9Yards Capital | Venture Capital | Minority | 000 0000 | 000000 0 |
TaxBit Acquisitions (1)
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
000000 (00000 | 17-Jan-2023 | 0000000000 | Financial Software | 000000 00 |
TaxBit Subsidiaries (1)
Company Name | Industry | Location | Founded |
---|---|---|---|
000000 (000000000 | Financial Software | New York, NY | 0000 |