What is Blockpit?
Blockpit operates as a sophisticated, automated web-based and mobile application designed for cryptocurrency tax reporting and comprehensive portfolio monitoring. By integrating via APIs with a multitude of cryptocurrency exchanges, including prominent platforms like Binance, Coinbase, Poloniex, and Kraken, Blockpit aggregates trades, wallet activities, mining rewards, and other income streams such as airdrops into a unified dashboard. This centralized view provides users with a clear understanding of realized gains, essential for accurate reporting to tax authorities. The platform's core vision is to simplify the complex landscape of digital asset taxation, offering legally compliant tax reports generated through partnerships with specialized firms.
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, Tioga Capital Partners, Force Over Mass Capital, and Avaloq Ventures
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?
The recent major strategic investment positions Blockpit for accelerated growth and enhanced market penetration. With substantial enterprise-level funding, the company is poised to further develop its technological infrastructure, expand its service offerings, and potentially explore new geographical markets. This capital will likely fuel advancements in AI-driven analytics for tax optimization and deepen integrations with emerging blockchain protocols, solidifying Blockpit's role as a critical tool for cryptocurrency users navigating regulatory requirements.
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