Austria-based Blockpit is a company that helps in the development of legally compliant and audited tax reports for the treatment of crypto assets. Today, the company has announced that it has raised $10M (€8.4M) in a Series A funding which is led by MiddleGame Ventures, along with participation from Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures and existing investor Venionaire.
The capital increase is intended to further develop Cryptotax, a tax reporting software developed in-house and regularly audited by a Big Four auditing firm. Another goal of the investment is to make the software available in additional countries, the press statement read.