Blockpit, a Linz, Austria-based provider of legally compliant and audited tax reports for the treatment of crypto assets, raised $10m in Series A funding.
The round was led by MiddleGame Ventures with participation from Fabric Ventures, Force over Mass Capital, Tioga Capital (Casa), Avaloq Ventures, Venionaire via its Luxembourg fund, EXF Alpha S.C.S.
The company intends to use the funds to further develop Cryptotax and to make it available across additional countries.
Led by CEO and co-founder Florian Wimmer, Blockpit provides Cryptotax, a tax reporting software platform that offers automated calculation of taxable profits from trading crypto assets such as Bitcoin and Ethereum, as well as from other activities of crypto traders and investors such as income from staking, DeFi, lending, mining, and margin trading. The data is imported in real time from common crypto exchanges and wallets, standardized, and then consolidated in a country-specific report which displays taxable profits and other important data. Cryptotax was most recently deployed in Spain and France, making the audited tax reports available across six countries (AT/DE/FR/CH/ES/US).