With e-commerce becoming increasingly globalized, a company called Taxdoo, which builds API-based tools to help e-commerce companies with tax compliance and other accounting needs, is announcing a round of funding: $64 million, a Series B that the Hamburg-based startup will be using to expand further across Europe and to build what it describes as the […]
Start-up-Watchlist 2021: Auf diese Unternehmen setzen die Investoren
welt.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from welt.de Daily Mail and Mail on Sunday newspapers.
Taxdoo, a Hamburg, Germany-based automated platform for financial compliance in e-commerce, closed a $21m (€17m) Series A round of financing.
The round was led by Accel, with participation from Visionaries Club, 20VC and existing investor HTGF. In conjunction with the funding, Accel’s Harry Nelis had joined its board.
The company intends to use the funds for international expansion, increased hiring, R&D, sales and customer support.
Co-founded by Matthias Allmendinger, Roger Gothmann and Christian Königsheim, Taxdoo provides a platform that automates transaction-level data ingestion, tax calculation and filings across Europe, as well as the integration of financial and accounting information. Customers can also collaborate with their tax advisors through the platform and reduce other compliance burdens, including Intrastat filings.
Fintech start-up Taxdoo raises €17m in Series A funding
From left: Roger Gothmann, Christian Königsheim, Matthias Allmendinger, Imke Steineke, and Moritz Lukas. Image: Thies Rätzke/Taxdoo
Automated financial compliance platform Taxdoo plans to triple its headcount in the next 12 months as it expands across Europe.
German start-up Taxdoo has today (15 December) announced that it closed €17m in Series A funding.
The funding round was led by global venture capital firm Accel, with participation from Visionaries Club, 20VC and existing investor HTGF.
Founded in 2016, Taxdoo has developed an automated platform for financial compliance in e-commerce, helping businesses manage VAT, financial accounting and compliance requirements.
Taxdoo, the tax compliance platform for cross-border e-commerce, raises $21M Series A
Taxdoo, a startup that has built what it calls an “automated platform for financial compliance” aimed at cross-border e-commerce companies, has raised $21 million in new funding.
Leading the Series A round is venture capital firm Accel, with participation from Visionaries Club, 20VC and existing investor HTGF. The funding will be invested in Taxdoo’s growth including international expansion– increased hiring, R&D, sales and customer support. Accel’s Harry Nelis has joined the Taxdoo board.
The inclusion of Harry Stebbings’ 20VC is noteworthy, as the podcaster-turned-VC originally said his micro fund was targeting U.S. startups across various stages, and therefore there wasn’t any perceived conflict with his role as a partner at European VC Stride. Taxdoo is based out of Hamburg, Germany. “20VC essentially invests largely in the U.S. but can also invest where Stride does not, any
vimarsana © 2020. All Rights Reserved.