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TaxBit Raises $130 Million

TaxBit has raised $130 million in Series B funding. The company, which makes cryptocurrency tax software for consumers and businesses, raised $100 million five months ago. The latest funding round was led by IVP and Insight Partners.

The company will use the funds to grow its tax and accounting offerings in the business, consumer, and government sectors. It also plans to double the number of employees by the end of the year and open more offices in the United States and the United Kingdom.

TaxBit enables consumers and businesses to manage cryptocurrency transactions across all exchanges and import data to complete tax forms.

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