Catenaa, Saturday, March 29, 2025-Raiffeisen Bank International (RBI), through its venture capital arm Elevator Ventures, has invested millions in Austrian crypto tax software startup Blockpit.
The Linz-based firm, led by CEO Florian Wimmer, specializes in crypto asset taxation and has achieved profitability since 2024. The exact investment amount and Blockpit’s valuation remain undisclosed.
Elevator Ventures, marking its first move into the crypto space, sees Blockpit as a bridge between traditional finance and digital assets. “If we enable users and crypto traders to be tax-compliant, crypto adoption will expand,” said Maximilian Schausberger, managing director of Elevator Ventures.
Blockpit, currently operating in 10 countries, plans to use the funding to expand into Eastern Europe and develop tools to verify fund origins for bank withdrawals and crypto exchange transfers. The company also aims to simplify tax filing for investors with assets across multiple wallets and jurisdictions.
Founded in 2017, Blockpit employs 30 people. It previously raised $10 million in a Series A round and acquired German competitor CryptoTax in 2020. In 2023, it further solidified its presence in the DACH region by acquiring Swiss firm Accointing from blockchain data company Glassnode.
Wimmer called RBI’s backing a “next step,” highlighting the EU’s Markets in Crypto Assets (MiCA) regulation as a driver for institutional investment. Elevator Ventures, managing a €100 million portfolio, sees regulation as key to mainstream crypto adoption.
