# Blue dot VATBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blue-dot-vatbox

- Industry: Software
- Headquarters: Netherlands
- Website: www.bluedotcorp.com
- Total disclosed funding: $32M
- Latest round: Series C (Apr 7, 2021)
- Investors on record: 5

## About

Blue dot VATBox Ltd. is a UK-based company specializing in tax compliance software solutions that automate the tracking, reporting, and calculation of employee benefits and VAT reclamation, empowering businesses to manage complex tax regulations effectively.Founded in 2012 and headquartered in the Netherlands, Blue dot VATBox Ltd. focuses on tax compliance solutions. The company has not undergone any major strategic pivots, nor has it indicated any parent or subsidiary relationships. The founders, Daniel Lee, Isaac Saft, and Melina Carmona, along with CEO Isaac Saft, have experience in developing tax technology solutions. In its history, the company has successfully completed a total of three deals, with its latest funding round being a Series C in April 2021, through which it raised USD 32.00 mn from investors including Ibex Investors, La Maison Compagnie d'Investissement, and others, bringing the total amount raised to USD 32.00 mn.Blue dot specializes in advanced tax compliance software solutions, particularly in automating the tracking, reporting, and calculation of taxable employee benefits and VAT reclamation. Their flagship product, the Blue Dot VATBox, integrates artificial intelligence and machine learning technologies to assist businesses in navigating complex global tax regulations and maximizing VAT recovery. The platform provides a comprehensive overview of employee-driven transactions, addressing compliance challenges amid decentralized purchasing and hybrid work environments. Blue dot's client base includes major enterprises like Dell, British American Tobacco, and Zoetis, primarily serving markets in North America, Europe, and Asia, where VAT regulations and employee expense reporting are critical.Blue dot generates revenue through a subscription-based model, allowing clients continual access to its suite of tax compliance tools and solutions. This model typically involves long-term partnerships with corporate clients, with tailored pricing plans based on operational scale and user numbers. The Blue Dot VATBox serves as both a compliance tool and a mechanism to enhance operational efficiency, contributing to the company's value proposition through its offerings.In April 2021, Blue dot VATBox Ltd. raised USD 32.00 mn in Series C funding, which will be utilized to expand the adoption of its solutions among North American and European customers. The company aims to enhance its product offerings and potentially launch new solutions tailored to market needs, although specific new products and their release dates have not been disclosed. Additionally, Blue dot is focused on expanding its market presence in specific regions within North America and Europe by leveraging its recent funding to bolster its reach and operational capabilities.

## Funding rounds

- Series C, Apr 7, 2021, $32M — Viola Group, Ibex Investors, Lutetia Capital, Target Global, La Maison Partners

## Investors

- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series C
- Ibex Investors (https://capitalatlas.ai/funds/ibex-investors) — Series C
- Lutetia Capital — Series C
- Target Global (https://capitalatlas.ai/funds/target-global) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C