Haun Ventures is backing TaxBit, one of the new firm’s first investments, a clear signal to regulators and policymakers that crypto is here to stay
SALT LAKE CITY, May 17, 2022 /PRNewswire/ — TaxBit (“The Company”), the leading provider of tax and accounting software for the token economy, today announced a new strategic investor: Katie Haun. It is one of Ms Haun’s first investments through her new venture capital fund, Haun Ventures – a company designed from the ground up to help founders build the next generation of the Internet.
Katie Haun has played a pivotal role in helping some of the leading web3 brands build trust and scale by effectively engaging policymakers and regulators. In Haun Ventures, Katie has assembled a world-class team of crypto-native experts and veteran policy and strategy operators who will partner closely with TaxBit to tell the story to key audiences of the importance of this infrastructure to facilitate the growth of the crypto-economy.
Katie Haunfounder of Haun Ventures, commented on the news: “The Web3 ecosystem has grown tremendously since I entered the space and yet we are still in its infancy. While the economy of cryptography will continue to move in cycles, it is now widely accepted that this industry is here to stay. TaxBit provides the basic infrastructure necessary for the crypto economy to grow and reach its full potential. Besides the vital role the product plays in the larger ecosystem, the team at TaxBit is best in class, which is why we’re proud to officially support the company and partner with them on the long term.”
Always looking to the future, TaxBit anticipated broker-dealer reporting requirements for digital assets several years ago and therefore designed bespoke tax center suite solutions for the enterprise to automate these regulatory reporting requirements. user-centric way. TaxBit’s solutions propel Huan Ventures’ mission to build the next generation of the Internet.
“The Haun Ventures team shares TaxBit’s vision of working with regulators to propel responsible regulation that enables the adoption of digital assets at scale. TaxBit’s compliance infrastructure is a critical part of the ecosystem Web3. We have deep respect for the team at Haun Ventures and look forward to working together to achieve our shared vision,” added Austin Woodwardfounder and CEO of TaxBit.
It’s been an exciting year for TaxBit so far. The Company was incorporated and launched the TaxBit network which saved individual cryptocurrency users tens of millions of dollars in tax preparation costs for the 2021 tax year, produced and delivered over 30 million sets of 2021 tax forms, established its government office in DChired Stripe and Meta engineering leaders as CTO and VP Engineeringand formed an alliance with Deloitte to help organizations automate tax information and cost-based reporting.
Designed by accountants and tax lawyers, TaxBit is the leading tax and accounting solution for the token economy. TaxBit’s platform serves major exchanges, institutional investors, governments and individuals in the industry. TaxBit has raised over $230 million from top global investors to enable widespread adoption of digital assets by automating the regulatory hurdles of tax and accounting compliance at scale. TaxBit is headquartered in Salt Lake City and Seattle.
Tax media contactBit
Patrick B Jordan
Group M Strategic Communications (for TaxBit)
Media contact for Haun Ventures