What is Bitwave?
Founded in 2018 by Pat White and Amy Kalnoki, Bitwave provides sophisticated tax and accounting software tailored for cryptocurrency investments. Its platform is designed to empower C-suite financial executives who are keen to engage with digital assets but require robust accounting protocols. By simplifying the complexities of crypto asset management and compliance, Bitwave is instrumental in facilitating broader adoption of Decentralized Finance (DeFi) and removing traditional friction points in financial services. The San Francisco-based firm's innovative approach addresses a key market need for secure and compliant digital asset accounting.
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
Blockchain Capital is an early and active venture investor in the blockchain industry, financing over 110 companies. They invest in both equity and crypto assets across multiple stages and are known for pioneering the world's first tokenized investment fund.
Hack VC
Hack VC is an early-stage venture capital firm based in San Francisco, focused on partnering with daring entrepreneurs. They aim to democratize access to top early-stage technology startups globally and manage the world's largest programmer conference.
SignalFire
SignalFire is a technology-driven venture capital firm that ignites growth for early-stage teams using data, AI, and expert support. Their proprietary AI platform, Beacon AI, aids in talent acquisition and market intelligence across sectors like fintech and cybersecurity.
What's next for Bitwave?
The substantial enterprise-level funding and major strategic investment signal Bitwave's readiness for accelerated scaling and product development. With a clear focus on enhancing its tax and accounting solutions for the volatile cryptocurrency market, the company is well-positioned to capitalize on the increasing institutional interest in digital assets. Future strategic initiatives will likely involve expanding its service offerings, deepening its integration with various blockchain protocols, and further solidifying its position as a leader in DeFi accounting software. This capital infusion is expected to fuel innovation and market penetration, reinforcing Bitwave's commitment to providing essential financial infrastructure for the digital economy.
See full Bitwave company page
