Blockpit

Blockpit AG is an Austrian company specializing in regulatory technology for digital assets, offering a platform for cryptocurrency tax calculation and portfolio management. Founded in 2017 by Florian Wimmer, Mathias Maier, Magnus Berchtold, Gerd Karlhuber, Patric Stadlbauer, Gert Weidinger, and Vladimir Tosovic, the company originated from CEO Florian Wimmer's personal challenges in calculating his own crypto taxes. With a background as a software engineer and experience at KPMG, Wimmer's expertise sits at the intersection of software development, auditing, and cryptocurrency. The company provides a software-as-a-service (SaaS) solution that automates the calculation of taxable profits from trading and other crypto-related activities such as staking, decentralized finance (DeFi), lending, and mining. The platform works by importing transaction data in real-time from over 160 exchanges, 190+ blockchains, and various wallets via API keys or public addresses. It then categorizes transactions, calculates gains and losses, and generates comprehensive, country-specific tax reports for over 100 countries, including pre-filled forms for jurisdictions like the US, UK, and Germany. The service is designed for individual investors, businesses, tax authorities, and CPAs. The core portfolio tracking feature is free, while users purchase licenses to generate tax reports for specific years and can subscribe to a premium 'Blockpit Plus' service for advanced features. Blockpit's platform supports over 500,000 crypto assets, including NFTs, and offers features like a tax optimizer, which suggests tax-loss harvesting opportunities, and a source of funds report for compliance checks. Its tax calculation methods are developed in collaboration with crypto tax experts and have been audited by a Big Four accounting firm to ensure compliance with local regulations. In addition to its consumer-facing product, Blockpit also offers a 'Crypto Tax Agent' (CTA) tool for government agencies to aid in the determination of crypto income. The company has grown through strategic acquisitions, including CryptoTax in 2020 and its competitor Accointing in 2023. Blockpit has successfully raised capital, including a $10 million Series A round, to fund product development and international expansion. Key investors include Elevator Ventures (the VC arm of Raiffeisen Bank International), MiddleGame Ventures, and Fabric Ventures. This funding is aimed at strengthening partnerships within the traditional banking sector and preparing for increased regulatory oversight in the EU, such as the DAC8 directive. Keywords: crypto tax calculator, portfolio tracker, digital asset compliance, tax reporting software, Florian Wimmer, tax-loss harvesting, DeFi taxation, NFT tax, staking rewards, crypto tax Austria, DAC8, MiCA, automated tax calculation, crypto compliance, KPMG, Raiffeisen Bank, Elevator Ventures, Accointing acquisition, cryptocurrency portfolio management, source of funds report, capital gains crypto, income report crypto