The lead investor of the current financing round is MiddleGame Ventures, with further participation from Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures and the previous investor Venionaire, it said in a broadcast on Wednesday.
The capital increase will help to further develop the specially developed tax reporting software Cryptotax and make it available in additional countries. With the software, crypto traders and investors can automatically calculate taxable profits from trading in crypto assets, such as Bitcoin and Ethereum. The start-up, founded in 2017, can currently offer audited crypto tax reports for Austria, Germany, France, Switzerland, Spain and the USA.
Blockpit CEO and co-founder Florian Wimmer expects an additional boost from the new investors. “In addition to the monetary boost, the expertise and international networking of investors in a wide variety of areas result in new market access and numerous opportunities for additional partnerships,” said Wimmer. This will “massively accelerate the further development of the products as well as the expansion into new countries.” Pascal Bouvier, Managing Partner of MiddleGame Ventures, sees the Linz start-up as a problem solver for tax and accounting challenges. “Blockpit forms the interface between these trends and has a bright future ahead of it,” said Bouvier.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
