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TaxBit

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Austin Woodward's photo - Co-Founder & CEO of TaxBit

Co-Founder & CEO

Austin Woodward

CEO Approval Rating

90/100

Founded:

2018

Status:

PrivateIndependent Company

Est. Annual Revenue
$3.1M
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Est. Employees
120
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TAXBIT TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

TaxBit's company profile
Austin Woodward's photo - Co-Founder & CEO of TaxBit

Austin Woodward

Co-Founder & CEO

90/100
120
$235.9M
$3.1M
View Profile
1
TaxBit's Competitor - ZenLedger logo
Patrick Larsen's photo - Co-Founder & CEO of ZenLedger

Patrick Larsen

Co-Founder & CEO

70/100
18
$10.9M
$1.9M
View Profile
2
TaxBit's Competitor - CoinTracker logo
Chandan Lodha's photo - Co-Founder & CEO of CoinTracker

Chandan Lodha

Co-Founder & CEO

89/100
10
$1.5M
$3M
View Profile
3
TaxBit's Competitor - TokenTax logo
Zac McClure's photo - Co-Founder & CEO of TokenTax

Zac McClure

Co-Founder & CEO

90/100
14
- -
$1.2M
View Profile
4
TaxBit's Competitor - BitcoinTaxes logo
Colin Mackie's photo - Founder & CEO of BitcoinTaxes

Colin Mackie

Founder & CEO

90/100
29
- -
$5.6M
View Profile

Missing a competitor? Contribute!

ZenLedger is TaxBit's #1 competitor. ZenLedger is a Private company that was founded in 2017 in Bellevue, Washington. ZenLedger is in the Blockchain industry. Compared to TaxBit, ZenLedger has 102 fewer employees.

CoinTracker is seen as one of TaxBit's biggest rivals. CoinTracker was founded in San Francisco, California} in 2017. CoinTracker is in the Blockchain field. Compared to TaxBit, CoinTracker generates $100K less revenue.

TokenTax is one of TaxBit's top competitors. TokenTax is headquartered in New York, New York, and was founded in 2017. TokenTax competes in the Blockchain industry. TokenTax generates 38% the revenue of TaxBit.

TaxBit Acquisitions

No recent acquisitions found related to TaxBit

TaxBit Funding History

Since TaxBit was founded in 2018, it has participated in 6 rounds of funding. In total TaxBit has raised $235.9M. TaxBit's last funding round was on Aug 2021 for a total of $130.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series B
Aug 2021
$130M
Series A
Mar 2021
$100M
Venture Round
Jan 2021
--
Debt - PPP (CARES Act)
Apr 2020
$150K - $350K
Seed
Jan 2020
$5M

Since TaxBit was founded in 2018, it has participated in 6 rounds of funding. In total TaxBit has raised $235.9M. TaxBit's last funding round was on Aug 2021 for a total of $130.0M

TaxBit Investments

No recent investments found related to TaxBit

TaxBit News

August 13, 2021Techstory

Tax Bit, a cryptocurrency business that recently launched a new headquarters in Seattle, has raised $130 million at a $1.33 billion valuation

TaxBit, a bitcoin tax and accountancy service with a second office in Seattle, raised $130 million in... See more »
August 12, 2021Silicon Slopes

The Rumors were Correct; TaxBit Raises $133 Million & Reaches Unicorn Status

The rumors were true; TaxBit has closed a $130MM Series B round of funding.... See more »
July 21, 2021Cointelegraph

Crypto tax startup TaxBit reportedly in talks for unicorn-level funding

The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of ... See more »
July 15, 2021The Business Journals: Seattle

TaxBit plans for 'exponential' growth after opening 2nd HQ in Seattle

Opened on the heels of a $100 million Series A, the company's new space in South Lake Union is just t... See more »
July 8, 2021GeekWire

Utah-based crypto tax software startup TaxBit opening 2nd HQ in Seattle

TaxBit, a Utah-based cryptocurrency tax and accounting firm, is opening a second headquarters in Seat... See more »
May 17, 2021The Block

TaxBit partnership aims to fill the IRS knowledge gap on crypto

TaxBit will lend the IRS its crypto accounting tools to the regulator for one year in the $1 million ... See more »
May 12, 2021CoinJournal

IRS chooses TaxBit as software partner for the crypto market

The United States Internal Revenue Service (IRS) has partnered with TaxBit to help provide... The pos... See more »

TaxBit Blogs

October 20, 2020taxbit Blog

Deducting Exchange Fees on Crypto Taxes

Cryptocurrency exchanges monetize their businesses by charging transaction fees for the acquisition, ... See more »
October 6, 2020taxbit Blog

Inspector General Report Recommends that Exchanges Should File Form 1099-B

The Inspector General recently issued its Treasury audit report as to virtual currency transactions. ... See more »
October 6, 2020taxbit Blog

How to Turn Your Passion for Crypto into a Career

Over 36 million Americans now own cryptocurrency. The number of U.S. crypto traders doubled in 2019, ... See more »
September 25, 2020taxbit Blog

IRS "Reporting Virtual Currency Transactions" Letter

The IRS has recently sent letters to taxpayers titled “Reporting Virtual Currency Transactions” stati... See more »
July 30, 2020taxbit Blog

Court Rules Crypto Traders Don't Have Privacy Interest In Transaction Records

According to the United States Court of Appeals for the Fifth Circuit, law enforcement officials do n... See more »
June 29, 2020taxbit Blog

Common Reporting Standards - The OECD and Crypto Exchanges' Responsibilities

On January 1, 2016, the European Union adopted Common Reporting Standards ("CRS") to provide centrali... See more »
June 5, 2020taxbit Blog

Are You Confused by Form 1099-K? Don't Worry, You Should Be

This past year saw tens of thousands of IRS audits into taxpayers' cryptocurrency activity. Most of t... See more »

TaxBit Press Releases

Social Media

TaxBit Headquarters

12927 Ringtail Cove

Draper, Utah84020

801-842-6389

Driving Directions »

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TaxBit Summary

ABOUT

Overview

Taxbit is a Utah-based blockchain platform that offers solutions such as cryptocurrency tax calculation, accounting and portfolio management for individuals and enterprises. TaxBit was founded in 2018. TaxBit's headquarters is located in Draper, Utah,...

CEO

TaxBit's Co-Founder & CEO, Austin Woodward, currently has an approval rating of 90%. TaxBit's primary competitors are ZenLedger, CoinTracker & TokenTax.

Website

taxbit.com

Frequently Asked Questions about TaxBit

  1. When was TaxBit founded?

    TaxBit was founded in 2018
  2. Who is TaxBit's CEO?

    TaxBit's CEO is Austin Woodward
  3. How much revenue does TaxBit generate?

    TaxBit generates $3.1M in revenue
  4. How much funding does TaxBit have?

    TaxBit has historically raised $235.9M in funding
  1. Where is TaxBit's headquarters?

    TaxBit's headquarters is in Draper Utah, USA
  2. How many employees does TaxBit have?

    TaxBit has 120 employees
  3. What sector does TaxBit operate in?

    TaxBit is in Blockchain
  4. Who are TaxBit's competitors?

    TaxBit's top competitors are ZenLedger, CoinTracker, TokenTax