What is Blockpit?
Blockpit offers a seamless, automated web-based and mobile application designed for cryptocurrency tax reporting and comprehensive portfolio monitoring. By integrating with numerous cryptocurrency exchanges via APIs, including major platforms like Binance, Coinbase, Poloniex, and Kraken, Blockpit consolidates all user trades, wallets, mining rewards, and other income sources such as airdrops into a single, clear dashboard. This centralized view provides users with an accurate overview of realized gains, facilitating compliance with tax authority requirements. Furthermore, Blockpit enables users to generate legally approved tax reports through its network of partners, simplifying the complex process of cryptocurrency taxation.
How much funding has Blockpit raised?
Blockpit has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2021): $10M with participation from MiddleGame Ventures, Fabric Ventures, Venionaire Capital, Force Over Mass Capital, Avaloq Ventures, and Tioga Capital Partners
Key Investors in Blockpit
MiddleGame Ventures
MiddleGame Ventures is a European FinTech specialist firm that partners with innovative entrepreneurs to transform financial services into a fully digital future. The company focuses on early-stage investments in adjacent digital solutions, including AI, Cyber, DeepTech, and Quantum technologies.
Fabric Ventures
Fabric Ventures is a thesis-driven venture firm that has been supporting Web3 companies from pre-seed to growth since 2012. They have invested in 196 companies across various sectors including Robotics, AI, Fintech, Distributed Computing, and Web3.
Venionaire Capital
Venionaire Capital serves as an entrepreneurial partner for investors, entrepreneurs, and corporates, specializing in private equity and venture capital investments. The company offers a range of services including finance strategy, corporate finance, mergers and acquisitions, and alternative investment fund management.
What's next for Blockpit?
With a major strategic investment and significant overall capital backing, Blockpit is poised for accelerated growth and innovation. The company's focus on automating cryptocurrency tax reporting and portfolio management addresses a critical need for clarity and compliance in the digital asset market. Future developments are likely to include enhanced API integrations, expanded reporting capabilities, and potentially new features to support emerging digital asset classes and regulatory changes. This strategic financing will empower Blockpit to solidify its market position, scale its operations, and continue to provide a vital service to cryptocurrency users navigating complex tax landscapes.
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