Austrian Crypto Tax Solution Provider Blockpit Bags US$10 Million in Series A Fundraiseby Fintechnews Switzerland July 12, 2021
Blockpit, an Austria-based provider of legally compliant and audited tax reports for the treatment of crypto assets, announced that it has received US$10 million during a Series A funding round.
The funding round was led by MiddleGame Ventures (MGV) with participation from Fabric Ventures, Force over Mass Capital, Tioga Capital (Casa), Avaloq Ventures and Venionaire through his Luxembourg fund, EXF Alpha SCS.
Blockpit said that it aims to further develop its certified tax reporting software Cryptotax and make it available in additional countries.
Founded in 2017, Blockpit developed the Cryptotax software with which crypto traders and investors can automatically calculate taxable profits from trading crypto assets such as Bitcoin and Ethereum.
The rollout of Cryptotax in Spain and France recently took place, which means that the audited tax reports are now available in a total of six countries which also includes the US, Austria, Germany and Switzerland.
Florian Wimmer, CEO and Co-Founder of Blockpit said,
“In addition to the monetary boost, the expertise and international networking of investors in various areas result in new market access and numerous opportunities for additional partnerships. This will massively accelerate the further development of our products as well as the expansion into new countries.”
Featured Image: Blockpit C-Level (left to right): Vladimir Tosovic (CMO), Magnus Berchtold (CPO), Florian Wimmer (CEO), Gerd Karlhuber (COO) and Thomas Buchsteiner (CTO) ©Blockpit