Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation

Taxfix, the Berlin-based mobile tax filing app, raises $220M at a $1B+ valuation

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/27/taxfix-the-berlin-based-mobile-tax-filing-app-raises-220m-at-a-1b-valuation/

Ben Franklin once famously said that in this world nothing can be said to be certain, except death and taxes. But that doesn’t make dealing with either particularly natural and easy. 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. 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.

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. (Index led its Series C in 2020; Valar led a round in 2018). This is a major round for the startup: Taxfix has raised around $330 million since being founded in 2016.