# Loc.tax

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loc-tax

- Industry: Software
- Headquarters: London, UK
- Website: www.loc.tax
- Total disclosed funding: $3.6M
- Latest round: Seed (Feb 18, 2021)
- Investors on record: 6

## About

Based in London, UK, Loc.tax offers a collaborative platform that enhances tax management for in-house teams, automating compliance and centralizing data efficiently.Founded in 2020 by Bart Van Remortele, Kasparas Aleknavicius, and Stevi Frooninckx, Loc.tax is headquartered in London, UK. The company focuses on providing advanced tax control solutions, with its most recent funding round being a Seed round on February 18, 2021, where it raised USD 3.6 mn. The investment was led by Cavalry Ventures, alongside several other investors including Angel Invest and Seedcamp. Loc.tax has successfully executed one deal to date.Loc.tax's primary offering is an advanced tax control platform designed specifically for in-house tax teams, enabling them to automate tax compliance processes, manage risks, and centralize data. The platform serves as a comprehensive repository for all global tax data, streamlining tax filings, payments, deadlines, and documentation into a single accessible location. By leveraging AI-powered Intelligent Document Processing, Loc.tax allows users to quickly extract and auto-populate relevant tax information, enhancing efficiency and reducing the risk of errors caused by disorganized data. The end users of Loc.tax include corporate tax teams across various industries, including finance, legal, and treasury departments, which utilize the platform to maintain oversight of their global tax obligations. Loc.tax operates in multiple geographical markets, including Europe, North America, and Asia, catering to companies with diverse tax compliance requirements.Loc.tax generates revenue primarily through subscription-based pricing models tailored to the specific needs of their clients, which include multinational corporations and tax advisory firms. Clients typically engage with the platform via annual or monthly subscription plans, selected based on various modules and the number of entities they manage. The structure of these transactions often involves B2B relationships, where tax teams leverage Loc.tax's services to meet their compliance obligations efficiently. The offerings encompass various features of the Loc.tax platform, including automated workflows and centralized tax data management, which are integral to the operational efficiency of tax departments. Specific pricing details for individual services or packages are established during the onboarding process, ensuring that each client receives a customized solution that aligns with their unique operational needs.In February 2021, Loc.tax raised USD 3.6 mn in Seed funding to support its expansion strategy. The company plans to launch new features and products that enhance the functionality of its platform, targeting a release within the next 12 months. Additionally, Loc.tax aims to expand its services into new markets across Asia and North America, focusing on multinational corporations with complex tax compliance needs. The recent funding will be utilized to develop these new offerings and support the company’s outreach initiatives, ensuring that it meets the growing demand for efficient tax management solutions.

## Funding rounds

- Seed, Feb 18, 2021, $3.6M — Seedcamp, NAP, Tapestry Venture Capital, Everywhere Ventures, Angel Invest, Mustard Seed MAZE

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- NAP (https://capitalatlas.ai/funds/nap) — Seed
- Tapestry Venture Capital (https://capitalatlas.ai/funds/tapestry-venture-capital) — Seed
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Angel Invest — Seed
- Mustard Seed MAZE (https://capitalatlas.ai/funds/mustard-seed-maze) — Seed