Bitwave, a San Francisco, CA-based provider of enterprise digital asset tax and accounting software, raised $7.25M in seed funding.
The round was led by Blockchain Capital with participation from Nascent, Nima Capital, Arca, XBTO Humla, and returning angel investor Rowan Trollope.
The company intends to use the funds to expand its software capabilities and grow its client base.
Founded in 2018 by technology entrepreneurs Pat White and Amy Kalnoki, Bitwave provides a software platform built specifically for businesses to bring digital assets onto their balance sheet and into their business processes. The company provides tax tracking, bookkeeping, Decentralized Finance (“DeFi”) monitoring, and cryptocurrency accounts receivable / accounts payable software, and is currently used by more than 30 enterprises with over $10 billion of assets being monitored through their system. Bitwave integrates with exchanges such as Coinbase and Kraken, DeFi protocols like Uniswap and Sushi, all the leading blockchains, and tax and accounting platforms such as QuickBooks, Xero, Sage Intacct, and Netsuite.