TaxBit - About the company
TaxBit is a series B company based in Salt Lake City (United States), founded in 2018 by Justin Woodward and Brandon Woodward. It operates as a Crypto tax management and accounting solutions for individuals and businesses. TaxBit has raised $237M in funding from investors like Coinbase, Insight Partners and IVP, with a current valuation of $1.5B. The company has 2448 active competitors, including 195 funded and 161 that have exited. Its top competitors include companies like Intuit, Sage and Deltek.
Sectors and market segments that TaxBit operate in
TaxBit serves in the FinTech, Blockchain Technology market segments.The primary business model of TaxBit are:Company Details
Crypto tax management and accounting solutions for individuals and businesses. It offers tools for crypto tax computation, portfolio analytics, tax audit, returns filing, and more. It also offers tax computation for cryptocurrencies, equities, commodities, and all fiat currencies. It is available for multiple subscriptions based on the number of transactions.
- Website
- www.taxbit.com/
- Social
- Email ID
- *****@taxbit.com
Key Metrics
Founded Year
2018
Location
Salt Lake City, United States
Stage
Series B
Total Funding
$237M in 7 rounds
Latest Funding Round
Post Money Valuation
$1.5B as on Dec 31, 2025
Ranked
16th among 2448 active competitors
Employee Count
143 as on Oct 31, 2026
Investment & Acquisitions
Legal entities associated with TaxBit
TaxBit is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
TAXBIT, INC. CIN: 833266436 , United States, Active | Dec 31, 1999 | - | 111 (As on Dec 31, 2024) | - |
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TaxBit's funding and investors
TaxBit has raised a total funding of $237M over 7 rounds. Its first funding round was on Jan 09, 2019. Its latest funding round was a Series B round on Apr 29, 2024 for an undisclosed amount. 1 investor participated in its latest round. TaxBit has 27 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of TaxBit:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 29, 2024 | Undisclosed | Series B | - | - | - | |
May 17, 2022 | Undisclosed | Series B | - | - | - | |
Aug 12, 2021 | $130M | Series B | $1.33B | - |
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TaxBit's founders and board of directors
Founder? Claim ProfileThe founders of TaxBit are Justin Woodward and Brandon Woodward.
Here are the details of TaxBit's key team members:
- Justin Woodward: Co-Founder of TaxBit. Contact Info: 1 email address
- Brandon Woodward: Co-Founder of TaxBit.
View details of TaxBit's Founder profiles and Board Members
TaxBit's employee count trend
TaxBit has 143 employees as of Oct 26. Here is TaxBit's employee count trend over the years:
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TaxBit's Competitors and alternates
Top competitors of TaxBit include Intuit, Sage and Deltek. Here is the list of Top 10 competitors of TaxBit, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 83/100 | |
2nd |  Sage 1981, Newcastle Upon Tyne (United Kingdom), Public | Provider of cloud-based enterprise software solutions for accounting, finance, and people management | - | 78/100 | |
3rd | Deltek 1983, Herndon (United States), Acquired | Cloud based enterprise resource planning software provider for multi industries | $107M | 77/100 | |
4th | Cloud-based financial management and accounting software platform | $442M | 77/100 | ||
5th | Online accounting and invoicing solutions for SMBs | $40.9M | 76/100 | ||
6th | FreeAgent 2007, Edinburgh (United Kingdom), Acquired | Cloud-based accounting software for small businesses, freelancers, and accountants | $21.9M | 76/100 | |
7th | Xero 2006, Wellington (New Zealand), Public | Provider of accounting software and related tools for business management | - | 75/100 | |
8th | Web-based accounting software for businesses | $82.4M | 74/100 | ||
9th | Developer of business management software including accounting and payroll solutions | - | 70/100 | ||
10th |  Anna 2017, London (United Kingdom), Acquired | Cloud-based accounting management solutions for businesses | $88.3M | 68/100 | |
16th |  TaxBit 2018, Salt Lake City (United States), Series B | Crypto tax management and accounting solutions for individuals and businesses | $237M | 59/100 |
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TaxBit's Investments and acquisitions
TaxBit has acquired Tactic. TaxBit has not made any investments as of now.Reports related to TaxBit
Here is the latest report on TaxBit's sector:
News related to TaxBit
Filter this listMedia has covered TaxBit for a total of 7 events in the last 1 year, 3 of them have been about company updates and 2 about people movement.
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Taxbit Appoints Robin Melnick as Chief Revenue Officer, Expands West Coast Presence with New San Francisco OfficeBusiness Wire•Dec 15, 2025•Addepar, TaxBit
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Taxbit's Digital Accord Convenes in London to Shape Digital Asset CompliancePR Newswire•Nov 05, 2025•TaxBit
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Taxbit Launches New Tools to Streamline Global Tax Reporting for the Gig EconomyBusiness Wire•Oct 31, 2025•TaxBit
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Taxbit Shares Insights on Digital Platform Compliance Amid Evolving Global Reporting RequirementsCrowdfund Insider•Oct 15, 2025•TaxBit
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Taxbit Partners with Mural Pay for Stablecoin PaymentsGlobal Fintech Series•Aug 07, 2025•TaxBit, Mural
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Taxbit Partners with Global Blockchain Business Council for Crypto Management NeedsGlobal Fintech Series•Jun 12, 2025•TaxBit, Gbbc
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