Already classified as a unicorn startup, United States-based cryptocurrency tax software developer TaxBit now has a valuation of more than $1.3 billion after a recent funding round.
According to a Thursday announcement, IVP and Insight Partners led a $130 Series B funding round for TaxBit with participation from Bitcoin bull Anthony "Pomp" Pompliano, Tiger Global, Paradigm, 9Yards Capital, Sapphire Ventures and Madrona Venture Group. The company said it planned to use the funds — which bring its valuation to $1.33 billion — to scale its tax and accounting offerings system as well as open new offices in the United States and the United Kingdom.