XBOOKS Ltd, a UK-based crypto accounting and tax reporting company, has launched a new investment round to expand its business into three additional European countries. Thanks to its strong performance over the past six months XBOOKS has opened a Seed round of investment for 2023 of £1 million, with the aim of becoming a key player in the crypto tax software market in Europe. 

XBOOKS Ltd previously raised £425,000.00 in a pre-seed funding round in October 2022, which was led by SFC Capital, NexumStp, and some Angel Investors. These funds were used to consolidate the current markets, focusing on increasing the user base, revenues and team. The company is currently ending its Private Beta phase and already has more than 1,200 paying customers, generating more than £190,000.00 in revenues and about £150,000.00 as ARR, mostly acquired through organic marketing and partnership campaigns. 

Founded in 2022 by Federico Pacilli, XBOOKS Ltd developed CryptoBooks, a cryptocurrency tax reporting software that allows individuals and companies that use cryptocurrencies for investments or payments to generate reports of all their transactions, classify them, calculate capital gains/losses and acquire all the accounting data necessary to draw up tax returns or company financial statements in a simple, immediate and compliant manner with tax regulations and provisions of the reference country. 

“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” said Federico Pacilli, Founder and CEO of XBOOKS Ltd. “With the support of our investors we aim to offer our innovative solution to more users and provide them with a simple, reliable and compliant way to manage their cryptocurrency accounting and tax reporting.” 

For more information on XBOOKS Ltd and CryptoBooks, visit the website https://relations.xbooks.ltd