Xbooks raised £425k in pre-seed funding from SFC Capital, NexumStp, and angel investors to expand operations.
The pre-seed round was led by SFC Capital to support user growth and market consolidation.
£425KPre-Seed
Xbooks operates a crypto accounting and tax reporting platform that helps individuals and companies manage transactions and calculate capital gains. The firm counts over 1,200 paying customers and is concluding its private beta phase.
Xbooks secured £425k in pre-seed funding to consolidate current markets and focus on increasing its user base, revenues and team. The investment was led by SFC Capital alongside NexumStp and angel investors.
The company has since reported over 1,200 paying customers, generating more than £190k in revenues and about £150k in annual recurring revenue following its private beta phase.
From the founder
"We are excited to expand our business into three additional European countries and become a key player in the crypto tax software market in Europe"
FP
Federico Pacilli
Founder and CEO at Xbooks
Use of funds
- 01Scale operations
- 02Grow the team
- 03Accelerate go-to-market
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