TaxBit Raises Funding to Enhance Digital Asset Solutions and Expand Market Presence

TaxBit Receives Strategic Investment from In-Q-Tel

Key Highlights:

• Strategic Investment: TaxBit, a provider of tax and accounting compliance solutions, received a strategic investment from In-Q-Tel, the strategic investor for the U.S. national security community and allies.
• Accelerated Development: The investment will be used to accelerate the development and deployment of TaxBit's commercial and government accounting solutions and digital asset technologies.
• Expanded Features: TaxBit aims to introduce new features, including GAAP and FASB reporting in the United States and IFRS support for international customers.

TaxBit's Target Market

• Target Market: Enterprises, financial institutions, and government bodies in need of tax and accounting compliance solutions for the digital asset industry.
• Financial Institutions and Banks: Institutions seeking streamlined compliance and accurate tax and accounting solutions for digital assets.
• Government Agencies: Agencies requiring efficient tax filing, audit, asset seizure, and financial reporting solutions for digital assets.

What TaxBit Needs to Buy

• Technology Development: Investments in research and development to enhance tax and accounting compliance solutions for digital assets.
• Partnerships and Collaborations: Collaborations with financial institutions, government bodies, and technology providers to expand the reach and capabilities of TaxBit's solutions.
• Regulatory Compliance Expertise: Expertise and resources to ensure compliance with evolving tax and accounting regulations in the digital asset industry.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.