TaxBit Overview

  • Founded
  • 2017
Founded
  • Status
  • Private
  • Employees
  • 153
Employees
  • Latest Deal Type
  • Series B
  • Latest Deal Amount
  • $130M
Latest Deal Amount
  • Investors
  • 27

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
Other Financial Services
Primary Office
  • Seattle, WA
  • United States

TaxBit Timeline

2019202020212022
Financing RoundCaptured Employee CountEstimated Employee Growth
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TaxBit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Early Stage VC (Series B) 06-Aug-2021 $130M 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
Seattle, WA
153 As of 2022
00000
0.000 0000-00-00
00000000000 00000

00000000

odo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugia
000000000 00000000
Bellevue, WA
00 As of 0000
000.00
00000000000 000.00

00000000

ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris
000000000 00000000
Claymont, DE
00 As of 0000
00000
0.00 0000-00-00
00000000000 00000
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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
00000000000 Venture Capital-Backed Claymont, DE 00 00000 00000000000 00000
00000 000 Corporation New York, NY 000000000 -
You’re viewing 3 of 3 competitors. Get the full list »

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 (6)

Name Representing Role Since
Ajay Vashee TaxBit 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
Nikhil Sachdev TaxBit Board Observer 000 0000
You’re viewing 5 of 6 board members. Get the full list »

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 (27)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
1/1 CAPITAL Venture Capital Minority 000 0000 000000 0
9Yards Capital Venture Capital Minority 000 0000 000000 0
Hack VC Venture Capital Minority 000 0000 000000 0
Insight Partners Growth/Expansion Minority 000 0000 000000 0
IVP Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 27 investors. Get the full list »

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