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New Deal


Announced

Completed

IVP and Insight Partners led a $130m Series B round in TaxBit.

Financials

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Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

FinTech

United States

cryptocurrency tax

Domestic

Venture Capital

Private Equity

Completed

Private

Minority

Acquisition

Friendly

fintech

Synopsis

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Institutional Venture Partners and Insight Partners led a $130m Series B funding round in TaxBit, a tax and accounting software provider. Additional investors include Tiger Global, Paradigm, 9Yards Capital, Sapphire Ventures, Madrona Venture Group, and Anthony Pompliano. "Tax reporting requirements make TaxBit a 'must have' for both crypto-native companies as well as traditional financial services companies as they increasingly embrace crypto. TaxBit has emerged as the clear market leader in its offering to enterprises and tax authorities. It is a privilege to partner with Austin and the TaxBit team on their next phase of growth," Tom Loverro, IVP General Partner.

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