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

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.