TaxBit Overview
- Founded
- 2018
- Status
- Private
- Employees
- 34
- Latest Deal Type
- Series A3
- Latest Deal Amount
- $100M
- 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
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 |
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% |
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 |
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 |
TaxBit Signals
Growth Rate
0.80%
Weekly
Growth
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
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialTaxBit 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 |