About TaxBit
TaxBit is a company based in Salt Lake City (United States) founded in 2018 by Justin Woodward and Austin Woodward. TaxBit has raised $235.75 million across 7 funding rounds from investors including Coinbase, Galaxy and DRAGONFLY. The company has 118 employees as of December 31, 2023. TaxBit has completed 1 acquisition, including Tactic. TaxBit operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter Salt Lake City, United States
- Employees 118 as on 31 Dec, 2023
- Founders Justin Woodward, Austin Woodward
- Stage Unicorn
-
Sectors
Financial ServicesTechnology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Taxbit, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of TaxBit
Unlock access to complete
Funding Insights of TaxBit
TaxBit has successfully raised a total of $235.75M across 7 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.
Investors in TaxBit
TaxBit has secured backing from 27 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Coinbase, Galaxy and DRAGONFLY.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
A venture capital firm focused on crypto technology investments.
|
Locked | Locked | Locked | |
|
Investment firm scaling software and technology companies from early to late stages.
|
Locked | Locked | Locked | |
|
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
|
Locked | Locked | Locked |
Investor details for TaxBit
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by TaxBit
TaxBit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tactic.
Investment portfolio details for TaxBit
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Crypto accounting software is developed by Tactic.
|
Locked | Locked | 1996 | Locked |
Complete acquisition details for TaxBit
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - TaxBit
Detailed financials for TaxBit
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Taxbit Comparisons
Peer comparison for TaxBit
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of TaxBit
TaxBit 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 Intuit, Visma, Clear, Wave and Xero, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial and accounting software is developed for businesses and individuals.
|
|
| Locked | Locked | Locked |
Cloud-based ERP software is provided for business management across segments.
|
|
| Locked | Locked | Locked |
Technology-enabled accounting and finance solutions are offered for SMBs.
|
|
| Locked | Locked | Locked |
Web-based accounting software is offered for business use.
|
|
| Locked | Locked | Locked |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| Locked | Locked | Locked |
Cloud-based invoicing and accounting software is offered for businesses.
|
Detailed competitors of TaxBit
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Taxbit
Complete news archive for TaxBit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about TaxBit
TaxBit was founded in 2018 and raised its 1st funding round 1 year after it was founded.
TaxBit is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Austin Woodward is the current CEO of TaxBit. They have also founded this company.
TaxBit is a funded company, having raised a total of $235.75M across 7 funding rounds to date.
As of Dec 31, 2023, the latest employee count at TaxBit is 118.
TaxBit was founded in 2018 in Salt Lake City, United States, focusing on the fintech sector for cryptocurrency taxation. Tools for tax computation, portfolio analytics, audit support, and returns filing are provided, covering cryptocurrencies, equities, commodities, and fiat currencies. Operations cater to individuals and businesses through subscription models based on transaction volume, with services accessible via the taxbit.com domain.
TaxBit has made 1 acquisition, including Tactic.
TaxBit has 27 investors. Key investors include Coinbase, Galaxy, DRAGONFLY, Haun Ventures, and Insight Partners.
The valuation of TaxBit is $1.33B as of Aug 2021.