BearTax, a Seattle startup that helps cryptocurrency consumers file taxes, raised a $3.2 million seed spherical led by Seattle VC company Ascend. The company is led by Tela Andrews, a former product supervisor at tax software program program massive Avalara who acquired the enterprise closing yr and recruited former colleagues at Avalara to affix him. Certainly one of many genuine BearTax founders, Vamshi Vangapally, is now chief product officer. TaxBit competes with Koinly, CoinTracker, and CryptoTrader.Tax, amongst others. Its consumers embody Defy.vc, BAM Ventures, Hustle Fund, Liquid2 Ventures, and Draper Startup Dwelling.