Cryptocurrencies

Crypto Software Firm’s Value Tops $1.3 Billion With New Funding

TaxBit $130 million round backed by IVP, Insight, Tiger Global
Crypto exchange platform FTX US will also partner with TaxBit

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By Eric Krebs

August 12, 2021 at 12:47 PM UTC

This article is for subscribers only.

TaxBit Inc., a maker of cryptocurrency tax and accounting software, raised fresh funding that pushed its valuation to more than $1.3 billion.

The company raised $130 million in a Series B round led by venture firms IVP and Insight Partners. Tiger Global Management, Paradigm and 9Yards were also among the investors, TaxBit said in a statement Thursday.