Crypto accounting, tax and compliance platform Bitwave has raised $15 million in its funding round.
Other venture capital firms such as SignalFire, Valor Equity Partners, Arca, Pulsar Trading and Alumni Ventures Blockchain Fund also participated in the Series A funding round led by Hack VC and Blockchain Capital.
Bitwave Raises Funds for Its Crypto-Focused Platform
The funds raised will be used to launch a product called Bitwave Corporate, which aims to help organizations that store, trade and use digital assets to improve processes related to finance, taxation, accounting, auditing and reporting, Bitwave said in a statement. The new product is built directly on top of the existing platform but with more advanced features like balance sheet tracking etc.
Bitwave COO Amy Kalnoki said:
“This funding round provides further evidence of the strength of our technology and demonstrates how Bitwave has become a critical infrastructure for businesses adopting digital assets.”
OpenSea, Compound and Polygon are among the companies that use Bitwave’s services.
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