Valuation
$1.5B
2024 Revenue
$25.2M
Funding
$105.8M
YOY
276.2%
Team · 2025
156
Founded
2018
How TaxBit CEO Austin Wodward grew 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.
Last updated
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.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | TaxBit Hit $25.2m revenue in November 2024Source | |
| 2023 | TaxBit Hit $6.7m revenue in December 2023 | |
| 2021 | TaxBit Hit $1.8m revenue in April 2021 | |
| 2018 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Funding round | $100M | - | - | |
| 2020 | Funding round | $5M | - | - | |
| 2018 | Funding round | $750K | - | - |
Founder / CEO
Austin Wodward
CEO
Austin Woodward is the Co-Founder, Chief Executive Officer & Board Member at TaxBit.
Q&A
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|---|---|
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| Advice for 20 year old self | - |
Customers
We do not have customer count information for TaxBit yet.
TaxBit Employees & Team Size
TaxBit employs approximately 156 people as of 2026, down from 159 in 2024.
| Year | Milestone |
|---|---|
| 2025 | Reached 156 employees (November 2025) |
| 2024 | Reached 159 employees (December 2024) |
| 2024 | Reached 168 employees (October 2024) |
| 2023 | Reached 163 employees (December 2023) |
| 2022 | Reached 255 employees (December 2022) |
| 2021 | Reached 173 employees (December 2021) |
| 2021 | Reached 38 employees (April 2021) |
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 across 3 rounds.
How many employees does TaxBit have?
TaxBit has 156 employees.
Where is TaxBit headquarters?
TaxBit is headquartered in Draper, Utah, United States.
Compare TaxBit to the industry
TaxBit operates across multiple industries. Browse revenue, funding, and growth data for TaxBit in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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