Crypto Software Firm TaxBit Discusses Funding at Unicorn Value

TaxBit, a maker of cryptocurrency tax and accounting software, is in talks to raise new funding at a valuation that would vault the company to so-called unicorn status, according to people with knowledge of the matter.

The Salt Lake City, Utah-based startup is discussing raising capital at a valuation of $1 billion or more, said the people, who asked not to be identified because the talks are private. Terms haven’t been finalized.