The PayPal and Coinbase-backed digtal tax software provider hiked its valuation to over $1.3bn in a round co-led by Insight Partners and IVP.

TaxBit, a US-based automated tax and accounting software developer that counts corporates PayPal and Coinbase among its investors, has raised $130m in series B funding at a valuation of $1.33bn.

Growth equity firm Insight Partners and venture capital firm IVP co-led the round, which also featured Paradigm, Tiger Global Management, 9Yards Capital, Sapphire Ventures, Madrona Venture Group and private investor Anthony Pompliano.

Founded in 2018, TaxBit provides software which automates tax calculations on cryptocurrency transactions and lets traders track their…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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