Crypto Accounting and Compliance Platform Bitwave Closed $15 Million Series A Funding Round Led by Hack VC and Others

Crypto accounting and compliance platform Bitwave has closed a $15 million Series A funding round led by Hack VC, Blockchain Capital, with participation from SignalFire and others. The funds raised will be used to develop Bitwave Institutional, a new product for enterprise customers with complex accounting needs, such as custodians and exchanges.

Bitwave co-founder Amy Kalnoki said this reflects a trend Bitwave is seeing with the growing adoption of crypto and digital assets by corporations, even as volatility persists for retail investors.