🏆 Deal of the Week · CW 27/2021
Blockpit raised EUR 8.4M in a Series A round; the post-money valuation was not disclosed. The round was backed by a syndicate of six investors including MiddleGame Ventures and Fabric Ventures. The deal was recognised as Deal of the Week for KW 27/2021.
Blockpit — key deal facts
| Company | Blockpit |
| Founded | 2017 |
| Headquarters | Linz, Austria |
| Amount raised | EUR 8,4M |
| Valuation | Remains Undisclosed |
| Round | Series A |
| Investors | MiddleGame Ventures (http://www.middlegamevc.com/) Fabric Ventures (https://www.fabric.vc/) Force over Mass Capital (https://www.fomcap.com/) Tioga Capital (https://tioga.capital/) Avaloq Ventures (https://www.crunchbase.com/organization/avaloq-ventures) European Super Angels Club |
| Sectors | FinTech |
Who invested in Blockpit?
The round was supported by MiddleGame Ventures, Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures, and European Super Angels Club. The investor mix is notable for combining specialist crypto and blockchain funds — MiddleGame Ventures and Fabric Ventures — with fintech-oriented capital from Tioga Capital and the banking-technology backer Avaloq Ventures. Participation from European Super Angels Club adds a continental angel network dimension to the cap table.
What does Blockpit do?
Blockpit is a FinTech and RegTech company founded in 2017 and headquartered in Linz, Austria. Its core product, the Cryptotax platform, automates crypto tax calculation by importing real-time data from exchanges and wallets to generate ready-to-file tax reports covering more than 100 countries. A companion mobile app provides live portfolio tracking alongside tax reporting. The platform serves individual traders, tax consultants, banks, and crypto exchanges.
Blockpit valuation & multiples
No existing multiples analysis was provided for this deal. When comparable EV/Sales and EV/EBITDA ranges become available for crypto tax software and RegTech peers, they will be published here. Readers can explore current FinTech sector multiples on the Venionaire DealMatrix FinTech multiples pages.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Blockpit raise in its Series A?
Blockpit raised EUR 8.4M in its Series A round, recognised in KW 27/2021.
What is Blockpit's valuation?
Blockpit's post-money valuation was not disclosed as part of this Series A funding announcement.
Who invested in Blockpit?
The Series A investors were MiddleGame Ventures, Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures, and European Super Angels Club.
When was Blockpit founded and where is it based?
Blockpit was founded in 2017 and is headquartered in Linz, Austria.
Source: original announcement — read the full report.