Bitwave

San Francisco, United States Founded: 2019 • Age: 7 yrs
Accounting solutions for crypocurrencies
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About Bitwave

Bitwave is a company based in San Francisco (United States) founded in 2019.. Bitwave has raised $22.25 million across 3 funding rounds from investors including Arca, The Arbitrum Foundation and Hack VC. Bitwave has completed 2 acquisitions, including Gilded and Multisig Media. Bitwave operates in a competitive market with competitors including TaxBit, Gilded, Magna, consola.finance and Ledgible, among others.

  • Headquarter San Francisco, United States
  • Sectors
    Financial Services
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → FinTech & Digital Finance
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $22.25 M (USD)

    in 3 rounds

  • Latest Funding Round
  • Investors
    Arca

    & 13 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
    Gilded

    & 1 more

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People of Bitwave
Headcount 10-50
Employee Profiles 10
Employee Profiles
People
Jim Thompson
Chief Revenue Officer
People
Patrick White
CEO
People
Christopher Zola
Direct Sales Manager
People
Edwin Shahravan
Associate Account Executive

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Funding Insights of Bitwave

Bitwave has successfully raised a total of $22.25M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 3
  • Last Round
  • First Round

    (12 Aug 2021)

  • Investors Count 14
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2024 Amount Grant - Bitwave Valuation

investors

Dec, 2022 Amount Series A - Bitwave Valuation Hack VC , Blockchain Capital
Aug, 2021 Amount Seed - Bitwave Valuation Nascent , Nima Capital
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Bitwave

Bitwave has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Arca, The Arbitrum Foundation and Hack VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Web3 venture capital firm partnering on blockchain projects.
Founded Year Domain Location
Venture capital firm investing in the blockchain sector
Founded Year Domain Location
Seed and early-stage startups are funded by SignalFire.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Bitwave

Bitwave has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gilded and Multisig Media. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Crypto accounting and finance news is covered by Multisig Media.
2021
Accounting and payment solutions are provided for crypto businesses.
2018
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Bitwave

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bitwave Comparisons

Employees
+
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Competitors of Bitwave

Bitwave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TaxBit, Gilded, Magna, consola.finance and Ledgible, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Crypto tax management and accounting solutions for individuals and businesses
domain founded_year HQ Location
Accounting and payment solutions are provided for crypto businesses.
domain founded_year HQ Location
Digital asset management solutions are provided for blockchain entities.
domain founded_year HQ Location
Automated crypto bookkeeping and reporting services are provided.
domain founded_year HQ Location
Tax and accounting solutions for cryptocurrencies are offered.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Frequently Asked Questions about Bitwave

When was Bitwave founded?

Bitwave was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Bitwave located?

Bitwave is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Is Bitwave a funded company?

Bitwave is a funded company, having raised a total of $22.25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $7.25M, raised on Aug 12, 2021.

What does Bitwave do?

Bitwave was founded in 2019 in San Francisco, United States, within the cryptocurrency sector. Accounting tools are offered to transfer transactions directly to ledgers, with instant processing ensured for accuracy in cost computations and exchange rates. Integration with existing accounting systems is supported, facilitating operations for users handling digital assets across various platforms.

Who are the top competitors of Bitwave?

Bitwave's top competitors include TaxBit, Ledgible and Coinshift.

How many acquisitions has Bitwave made?

Bitwave has made 2 acquisitions, including Gilded, and Multisig Media.

Who are Bitwave's investors?

Bitwave has 14 investors. Key investors include Arca, The Arbitrum Foundation, Hack VC, Blockchain Capital, and SignalFire.

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