How Much Did Bitwave Raise?
Funding & Key Investors

Bitwave, a prominent player in the digital asset accounting sector, has successfully secured a major strategic investment, bringing its total funding to $22.3M. This latest capital injection, totaling $15M, underscores the growing institutional demand for robust financial infrastructure capable of bridging the gap between traditional accounting protocols and the volatile cryptocurrency market. By providing C-Suite executives with the necessary tools to manage digital assets, Bitwave continues to solidify its position as a critical component of the modern financial stack.

The company's growth trajectory, marked by its initial seed financing in 2021 followed by this significant Series A round, reflects a broader market shift toward professionalized DeFi operations. As enterprises increasingly integrate blockchain technology into their balance sheets, Bitwave's platform serves as a vital bridge, ensuring compliance and operational efficiency in an otherwise complex regulatory environment.

What is Bitwave?

Bitwave
SoftwareFinancial Software

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:

2021

Angel/Seed

$7.3M

2022

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
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Software industry

Financial SoftwareSoftwareBusiness ServicesSoftware Testing
Content & Collaboration SoftwareSoftware
Customer Engagement PlatformsSoftware
SoftwareSupply Chain Management (SCM) SoftwareMobile App Development

Frequently Asked Questions Regarding Bitwave Financial Insights

What are the most recent funding rounds that Bitwave has completed, and what were the funding rounds?
Bitwave has recently completed 2 funding rounds: Series A on Dec 6, 2022, Angel/Seed on Aug 12, 2021.
What is the total amount of funding Bitwave has raised to date?
Bitwave has raised a total of $22.3M in funding to date.
How many funding rounds has Bitwave completed?
Bitwave has completed 2 funding rounds.
How much funding did Bitwave raise in its most recent funding round?
Bitwave raised $15M in its most recent funding round.
Who are the lead investors in Bitwave's latest funding round?
The lead investor in Bitwave's latest funding round was Blockchain Capital. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Bitwave's history?
The largest funding round in Bitwave's history was $15M.
See more information about Bitwave