BearTax, a Seattle startup that helps cryptocurrency investors file taxes, raised a $3.2 million seed round led by Seattle VC firm Ascend. The company is led by Tela Andrews, a former product manager at tax software giant Avalara who acquired the business last year and recruited former colleagues at Avalara to join him. One of the original BearTax founders, Vamshi Vangapally, is now chief product officer. BearTax competes with TaxBit, Koinly, CoinTracker, and CryptoTrader.Tax, among others. Its investors include Defy.vc, BAM Ventures, Hustle Fund, Liquid2 Ventures, and Draper Startup House.
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Crypto tax software startup BearTax lands $3.2M
