TaxBit Gets Backing From Haun Ventures

TaxBit, the leading provider of tax and accounting software for the tokenized economy, welcomed a new strategic investor today: Katie Haun. This is one of Ms. Haun’s first investments through her new venture capital fund, Haun Ventures – a corporation built from the bottom up to assist innovators in building the next generation of the internet.

TaxBit Gets Backing From Haun Ventures

Haun Ventures has invested in TaxBit, a cryptocurrency tax software company. Katie Haun, a civil rights attorney and Andreessen Horowitz general partner, founded a venture capital business to assist in the development of crypto enterprises through investment and involvement with politicians and regulators.

In March, it was revealed that Haun had secured $1.5 billion for two blockchain venture capital firms. Ever since, the finances have funded initiatives like as non-fungible token marketplaces and web3 network builders, among others.

“The web3 ecosystem has grown dramatically since I entered the space and yet we are still in early days. While the crypto economy will continue to unfold in cycles, there is now broad acceptance that this industry is here to stay. TaxBit provides core infrastructure that is required for the crypto economy to grow and reach its full potential. In addition to the vital role the product plays in the broader ecosystem, the team at TaxBit is best-in-class which is why we’re proud to formally back the company and partner with them over the long term.”

-Kate Haun, founder Haun Ventures

TaxBit, located in Salt Lake City, received $130 million in August at a valuation of more than $1.3 billion. The Series B financing was led by venture companies IVP, Insight Partners, Tiger Global Management, Paradigm, and 9Yards.

TaxBit provides software that assists customers in reporting capital gains and losses on bitcoin assets to the Internal Revenue Service. In addition, the company collaborates with cryptocurrency companies in order to make crypto tax filing easier for their consumers, and it offers data analytics to government authorities.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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