TaxBit Overview

  • Founded
  • 2017

Founded
  • Status
  • Private

  • Employees
  • 206

Employees
  • 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

Website
www.taxbit.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Accounting, Audit and Tax Services (B2B)
Other Financial Services
Primary Office
  • 66 East Wadsworth Park Drive
  • Suite 201
  • Draper, UT 84020
  • United States
+1 (801) 000-0000

TaxBit Timeline

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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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
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 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%
To view TaxBit’s complete cap table history, request access »

TaxBit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a SaaS platform designed to automate tax calculations and reporting on cryptocurrency transactions. The com
Financial Software
Draper, UT
206 As of 2022
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0000000000 0 00000

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000000000 00000000
Bellevue, WA
00 As of 0000
000.00
000 0000-00-00
00000000000 000.00

00000

xercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute i
000000000 00000000
New York, NY
00 As of 0000
000000000 -
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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
You’re viewing 3 of 3 competitors. Get the full list »

TaxBit Executive Team (11)

Name Title Board Seat Contact Info
Austin Woodward Co-Founder, Chief Executive Officer and Board Member
Lindsey Argalas Chief Operating Officer
Tramale Turner Chief Technology Officer
Brandon Woodward Co-Founder & Executive of Design
Justin Woodward Co-Founder, Tax Attorney & Board Member
You’re viewing 5 of 11 executive team members. Get the full list »

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
You’re viewing 5 of 10 board members. Get the full list »

TaxBit Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-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 (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
You’re viewing 5 of 34 investors. Get the full list »

TaxBit Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 (00000 17-Jan-2023 0000000000 Financial Software 000000 00
To view TaxBit’s complete acquisitions history, request access »

TaxBit Subsidiaries (1)

Company Name Industry Location Founded
000000 (000000000 Financial Software New York, NY 0000
To view TaxBit’s complete subsidiaries history, request access »