What is Bitwave?
Founded in 2018 by Pat White and Amy Kalnoki, Bitwave provides specialized tax and accounting software designed specifically for cryptocurrency investments. The San Francisco-based firm addresses the friction that has historically prevented large-scale financial institutions from engaging with digital assets. By automating complex accounting workflows, Bitwave enables organizations to track, report, and manage their crypto holdings with the same rigor applied to traditional fiat assets. This capability is essential for the maturation of the Decentralized Finance (DeFi) ecosystem, as it provides the transparency and auditability required by enterprise-level financial controllers.
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 Blockchain Capital, Hack VC, and SignalFire
Key Investors in Bitwave
Blockchain Capital
A pioneering venture firm established in 2013, specializing in blockchain technology and multi-stage investments in both equity and crypto assets.
Hack VC
An early-stage venture capital firm based in San Francisco that partners with daring entrepreneurs and manages the global hack.summit() conference.
SignalFire
A data-driven venture capital firm that utilizes proprietary AI platforms to provide strategic insights and operational support to early-stage fintech and cybersecurity teams.
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. The company is expected to focus on enhancing its enterprise-grade features, potentially deepening its integration with legacy ERP systems to further streamline the adoption of digital assets. As the regulatory landscape for cryptocurrency continues to evolve, Bitwave's strategic focus on compliance and reporting will likely remain a key differentiator, allowing the firm to capture a larger share of the institutional market. The ongoing support from high-profile venture backers suggests a strong confidence in the company's ability to define the standard for crypto-native financial management.
See full Bitwave company page