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TaxBit Raises $130 Million

TaxBit has raised $130 million in Series B funding. The company, which makes cryptocurrency tax software for consumers and businesses, raised $100 million five months ago. The latest funding round was led by IVP and Insight Partners.

The company will use the funds to grow its tax and accounting offerings in the business, consumer, and government sectors. It also plans to double the number of employees by the end of the year and open more offices in the United States and the United Kingdom.

TaxBit enables consumers and businesses to manage cryptocurrency transactions across all exchanges and import data to complete tax forms.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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