“We’ve hacked the brain of a tax accountant into codes,” CEO Martin Ott notes. Taxfix isn’t a business process automation startup per se, but it takes something of the stance as one, in building its products for the consumer market: To then file your taxes through that as an individual costs €39.99 or €59.99 as a couple. Using the app to check out your tax situation is free, and to do so you simply take a snapshot of a payslip and fill out another few details and Taxfix does the rest of the work for you. The company’s concept is very simple, played out mostly simply for people who do not have complicated tax profiles with different assets or other money sources in the balance.
This is a major round for the startup: Taxfix has raised around $330 million since being founded in 2016.
#TURBOTAX HOME AND BUSINESS 2016 DISCOUNT SERIES#
(Index led its Series C in 2020 Valar led a round in 2018). The funding is being led by Teachers’ Venture Growth, the rebranded venture fund the Ontario Teachers’ Pension Plan Board (a prolific investor for years in tech), with previous backers Index Ventures, Valar Ventures, Creandum and Redalpine also participating. It has closed a Series D of $220 million at a valuation of over $1 billion, money that the startup will be using both to build in more products to extend its touch points with customers beyond annual use around tax time and to expand to new markets beyond its current footprint of Germany, Spain and Italy. Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix, which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. But that doesn’t make dealing with either particularly natural and easy.
Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes.
0 kommentar(er)
