Linz-based startup Blockpit, which provides crypto tax compliance software, has secured a multimillion-dollar investment from Elevator Ventures, as Vestbee was told. The fresh funding will enable the startup to enhance its product offering and expand into new markets.
- Founded in 2017 by Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Magnus Berchtold, Mathias Maier, Patric Stadlbauer, and Vladimir Tosovic, Blockpit develops crypto tax compliance software for individuals, businesses, and tax authorities.
- The platform ensures accurate tax calculations and simplifies reporting for easy acceptance by tax consultants. It automatically tracks all transactions, calculates taxable income, and provides users with a clear portfolio overview, including profits, cost basis, and speculation periods.
Details of the deal
- The funding round was led by Elevator Ventures, which manages venture capital investments for Raiffeisen Bank International. In 2024, the firm launched a €70 million fund to support startups developing solutions in fintech and beyond banking.
"We are very excited to announce our investment in Blockpit to support their mission of solving compliance challenges in the crypto space, helping businesses and individuals navigate regulatory requirements with ease and accuracy. This investment reflects Elevator Ventures’ focus on supporting companies that drive meaningful change in the financial industry and beyond," claims Maximilian Schausberger, Managing Director of Elevator Ventures
- Blockpit will use the multimillion investment to grow its business, improve its software, and expand into new markets. The funding will also help strengthen partnerships, especially with the traditional banking sector.
"Elevator Ventures is joining us at the right time as both an investor and a partner. As widespread regulation for digital assets (like MiCA, TFR and CARF) is now being enforced, their expertise and network in the traditional banking sector will be invaluable as we continue to grow our business, enhance our product offering and expand into new markets," CEO of Blockpit, Florian Wimmer, commented in a press release.
