The company said some of the funds would be used to open new offices in the United States and the United Kingdom.
The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above.
U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in […]
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.