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Latham & Watkins Advises TaxBit in US$100 Million Series A Financing

March 2, 2021
An Emerging Companies team advises the cryptocurrency tax and accounting automation software company in the funding round.

TaxBit, which offers cryptocurrency tax and accounting automation software has announced a record-breaking US$100 million Series A funding round led by Paradigm and Tiger Global with additional participation from PayPal Ventures, Coinbase Ventures, Winklevoss Capital, world-renowned investor Bill Ackman, Qualtrics co-founder and chairman Ryan Smith, Anthony Pompliano, former Venmo COO Michael Vaughan, Galaxy Digital, Valar Ventures, Collaborative, Global Founders Capital, Album Ventures, TTV Capital, Original Capital, and more.

Latham & Watkins LLP represents TaxBit in the financing with an emerging companies team led by Los Angeles partner Chris Shoff, with Los Angeles associates David Pendergast and Ben Hecht. Advice was also provided on intellectual property matters by Los Angeles partner Ghaith Mahmood, with Los Angeles associate Natasha Phillips; and on data privacy matters by Bay Area counsel Robert Blamires.