About TaxBit
TaxBit is a Financial Services company based in Salt Lake City (United States) founded in 2018 by Justin Woodward, Austin Woodward, and Brandon Woodward. Crypto tax management and accounting solutions for individuals and businesses. It operates in the Financial Services and Technology sectors. TaxBit has raised $237 million across 7 funding rounds from investors including Coinbase, Galaxy and Tribe Capital. The company has 141 employees. TaxBit has completed 1 acquisition, including Tactic. TaxBit was last valued at $1.5 billion in December 2025. Its chief executive, as recorded, is Austin Woodward. Its website taxbit.com draws about 25 thousand monthly visits. Its focus areas include FinTech, Cryptocurrencies, Finance & Accounting and Blockchain Technology. Its legal entity is TAXBIT, INC. Its competitors include Intuit and Found; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Salt Lake City, United States
- Employees 141
- Founders Justin Woodward, Austin Woodward, Brandon Woodward
- Stage Unicorn
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website taxbit.com
- Social LinkedIn X Facebook Instagram
- Legal Name Taxbit, Inc.
Funding Insights of TaxBit
TaxBit has successfully raised a total of $237M 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.
- Total Funding $237M
- Total Rounds 7
- First Round $750,000
(Jan 2019)
- Investors Count 32
All 7 funding rounds of TaxBit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | Series B | – | – | ||
| May 2022 | Series B | – | Haun Ventures | – | |
| Aug 2021 | $130M | Series B | $1.33B | Insight Partners, IVP | |
| Mar 2021 | $100M | Series A | – | Paradigm, Tiger Global Management | |
| Jan 2021 | Seed | – | PayPal Ventures, Coinbase | ||
| Dec 2019 | $5M | Seed | – | TTV Capital, Winklevoss Capital | |
| Jan 2019 | $750,000 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $1.33B | •••••••• |
Last known valuation $1.5B (Dec 2025). 32 investors in total: 28 institutional and 4 angel.
Investors in TaxBit
TaxBit has secured backing from 32 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Coinbase, Galaxy and Tribe Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital firm focused on crypto technology investments. | haun.co | |||
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond. | madrona.com | |||
Growth in technology companies is supported through venture capital. | ivp.com | Menlo Park, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments are directed toward crypto-assets and Web3 businesses. | paradigm.xyz | San Francisco, United States | ||
Venture capital firm partnering with enterprise software companies and early-stage funds. | sapphireventures.com | |||
Venture capital investments are managed by Winklevoss brothers' family office. | winklevosscapital.com | New York, United States | ||
Global investments in tech sectors are conducted by Valar Ventures. | valar.com | New York, United States | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany |
Investor details for TaxBit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of TaxBit
55 people are tracked at TaxBit (16 in leadership, 39 in team); the tracked headcount is 141.
| Name | Role | Group |
|---|---|---|
Justin Woodward | Co-Founder | Leadership |
Austin Woodward | Co-Founder & CEO | Leadership |
Brandon Woodward | Founder | Leadership |
Richelle Medellin | Head of People & Culture | Leadership |
Dr. Max Bernt | Managing Director, Europe | Leadership |
Lindsey Argalas | COO | Leadership |
Michelle O'Connor | VP, Marketing & Communications | Leadership |
Miles Fuller | Head of Government Solutions | Leadership |
Puru Kamath | Senior Director Of Software Engineering | Leadership |
Lydia Coffey | Sr People Business Partner | Leadership |
Mike Almeraris | Sr. Advisor To The CEO | Leadership |
Clark Roberts | Chief Technology Officer | Leadership |
Nicky Adams | Director, Marketing & Sales Enablement | Leadership |
Lisa Beaman | Director | Leadership |
Landon Fowler | VP Of Finance | Leadership |
Oliver Szimmetat | Director Of Security And Compliance | Leadership |
Ema Nemes | Principal Software Engineer | Team |
Steven A. McGrath | Sr. Manager, Government Solutions | Team |
Conrad Robinson | Growth Marketing Manager - Demand Generation | Team |
Gopal Krishnan Thulsidhos | Customer Operations | Team |
35 more people are available in the full profile.
Complete people profiles for TaxBit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Crypto accounting software is developed by Tactic. | tactic.com | New York, United States | 1996 | Jan 2023 | •••• |
Complete acquisition details for TaxBit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of TaxBit
5 dated milestones of TaxBit across 6 years, from founding to its latest funding, stage changes and deals.
- Founded TaxBit is founded.
- Funding First funding round of $750K.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Tactic.
- Funding Latest funding round, Series B,.
Competitors of TaxBit
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. |
Detailed competitors of TaxBit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of TaxBit
The website of TaxBit (taxbit.com) receives about 24.9K visits a month.
- Monthly visits24.9K
▲ 5.2% vs previous month
Websites whose visitors overlap most with TaxBit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bitcoin.tax | bitcoin.tax | 100% | #447,070 | – | |
defirate.com | defirate.com | 90% | #611,053 | – | |
| tryfondo.com | 86% | 11.5K | #1,498,756 | View details | |
cryptovantage.com | cryptovantage.com | 85% | #1,127,053 | – | |
| thegivingblock.com | 85% | 150.7K | #111,683 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for TaxBit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Cryptocurrencies
3 companies that operate in the same segment as TaxBit (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Taxbit
Complete news archive for TaxBit
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- Full article archive
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- Older coverage
- Brand-specific news history
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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 CEO of TaxBit, as recorded in our data. They have also founded this company.
TaxBit is a funded company, having raised a total of $237M across 7 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Jan 2019.
TaxBit has 141 employees.
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 32 investors. Key investors include Coinbase, Galaxy, Tribe Capital, DRAGONFLY, and K2 Global.
The valuation of TaxBit is $1.5B as of Dec 2025.
TaxBit operates through Taxbit, Inc..