What is Bitwave?
Founded in 2018 by Pat White and Amy Kalnoki, Bitwave operates as a specialized provider of tax and accounting software designed specifically for cryptocurrency investments. The platform addresses a significant pain point for C-Suite executives who seek exposure to digital assets but are constrained by the lack of standardized accounting protocols. By automating complex workflows and providing real-time visibility into crypto-holdings, Bitwave effectively removes the friction that has historically hindered institutional participation in the DeFi movement. Headquartered in San Francisco, the firm serves as a vital conduit for enterprises navigating the complexities of digital asset management, ensuring that financial reporting remains accurate, compliant, and scalable.
How much funding has Bitwave raised?
Bitwave has raised a total of $22.3M across 2 funding rounds:
Angel/Seed
$7.3M
Series A
$15M
Angel/Seed (2021): $7.3M with participation from Blockchain Capital and Nima Capital
Series A (2022): $15M led by SignalFire, Hack VC, and Blockchain Capital
Key Investors in Bitwave
Blockchain Capital
A pioneering venture firm established in 2013, specializing in multi-stage investments across the blockchain ecosystem and known for launching the first tokenized investment fund.
SignalFire
A data-driven venture capital firm that leverages proprietary AI platforms to provide strategic insights and operational support to early-stage fintech and cybersecurity teams.
Hack VC
An early-stage venture capital firm focused on partnering with daring entrepreneurs, managing a vast network of developers and technical talent to foster innovation in the startup space.
What's next for Bitwave?
With this latest infusion of capital, Bitwave is well-positioned to accelerate its product development and expand its market reach within the enterprise fintech sector. The company is expected to focus on enhancing its suite of compliance tools, potentially integrating deeper analytics for decentralized finance protocols and expanding its support for diverse asset classes. As the regulatory landscape for digital assets continues to evolve, Bitwave's strategic roadmap likely includes strengthening its partnerships with traditional financial institutions and further automating the reconciliation processes that are essential for large-scale crypto adoption. By maintaining its focus on high-fidelity accounting, Bitwave is poised to remain a cornerstone of the institutional digital asset infrastructure.
See full Bitwave company page
