TaxBit recently became a unicorn in the crypto space when it closed a $130 million Series B earlier this month. The company has raised $230 million this year alone.

TaxBit’s Series B serves as a good example of another trend the crypto industry is seeing: Big growth and institutional investors exploring the digital asset space and dedicating whole teams to look for investment opportunities.

Large firms such as Tiger Global , Insight Partners ,Coatue ,Sequoia Capital and others all have made significant investments in the space, pouring more money into funding rounds and helping raise valuations.