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How TaxBit CEO Austin Wodward grew TaxBit to $25.2M revenue with a 156 person team in 2024.

Developer of a SaaS platform that automates the tax calculations and reporting on cryptocurrency transactions. The company's platform serves everyday retail investors through a self-service sales model by integrating with most exchanges and wallets, automatically pulling in a user's transaction data, running it through the tax code as applied to cryptocurrency, and then auto-generating the corresponding tax forms. It also serves enterprise customers. mainly exchanges, wallets, and businesses dealing with cryptocurrency by generating the required 1099 and other required tax forms that enterprises are required to issue for tax compliance purposes.

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TaxBit Revenue

In 2024, TaxBit's revenue reached $25.2M. The company previously reported $8.5M in 2024. Since its launch in 2018, TaxBit has shown consistent revenue growth.

TaxBit Revenue GrowthReported revenue / ARR by year$0$6M$12M$18M$24M$30M2018201920202021202220232024$0$2M$7M$25MSource: GetLatka.com
YearMilestone
2024TaxBit Hit $25.2m revenue in November 2024Source
2024TaxBit Hit $8.5m revenue in October 2024
2023TaxBit Hit $6.7m revenue in December 2023
2021TaxBit Hit $1.8m revenue in April 2021
2018Launched with $0 revenue

TaxBit Valuation, Funding Rounds

TaxBit's most recent disclosed valuation is $1.5B.

TaxBit has raised $105.8M in total funding across 3 rounds, with its most recent round in 2021.

TaxBit Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$25M$50M$75M$100M$125M20182019202020212018 cumulative: $750K • 2018 Funding round: $750K2020 cumulative: $6M • 2018 Funding round: $750K • 2020 Funding round: $5M2021 cumulative: $106M • 2018 Funding round: $750K • 2020 Funding round: $5M • 2021 Funding round: $100M$106MSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Funding round$100M--
2020Funding round$5M--
2018Funding round$750K--

TaxBit Employees & Team Size

TaxBit employs approximately 156 people as of 2026, down from 159 in 2024.

TaxBit has 156 total employees in different roles and functions.

TaxBit Team GrowthReported headcount over time0601201802403002018201920202021202220232024202500156156Source: GetLatka.com
YearMilestone
2025Reached 156 employees (November 2025)
2024Reached 159 employees (December 2024)
2024Reached 168 employees (October 2024)
2023Reached 163 employees (December 2023)
2022Reached 255 employees (December 2022)
2021Reached 173 employees (December 2021)
2021Reached 38 employees (April 2021)

Founder / CEO

Austin Wodward

Austin Woodward is the Co-Founder, Chief Executive Officer & Board Member at TaxBit.

Q&A

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Customers

We do not have customer count information for TaxBit yet.

Frequently Asked Questions about TaxBit

What is TaxBit's revenue?

TaxBit generates $25.2M in revenue.

Who founded TaxBit?

TaxBit was founded by Austin Wodward.

Who is the CEO of TaxBit?

The CEO of TaxBit is Austin Wodward.

How much funding does TaxBit have?

TaxBit raised $105.8M.

How many employees does TaxBit have?

TaxBit has 156 employees.

Where is TaxBit headquarters?

TaxBit is headquartered in Draper, Utah, United States.

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Compare TaxBit to the industry

TaxBit operates across multiple industries. Browse revenue, funding, and growth data for TaxBit in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .