PayPal Ventures and Coinbase Ventures are among the new investors in TaxBit, the creator of a cryptocurrency tax automation software platform.

TaxBit, a US-headquartered developer of automated tax and accounting software for digital currencies, received $100m on Tuesday in a series A round featuring digital payment processor PayPal and cryptocurrency exchange Coinbase.

Crypto-focused investment firm Paradigm and hedge fund manager Tiger Global Management co-led the round, while the corporates participated through PayPal Ventures and Coinbase Ventures respectively.

The round included Winklevoss Capital, Galaxy Digital, Valar Ventures, Collaborative Fund, Global Founders Capital, Album Ventures, TTV Capital, Original Capital and angel investors Bill…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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