# Taxdoo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/taxdoo

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.taxdoo.com
- Total disclosed funding: $85M
- Latest round: Series B (Nov 12, 2021)
- Investors on record: 4

## About

Taxdoo GmbH is a software company that specializes in integrating transaction data to simplify VAT compliance for e-commerce businesses, enhancing operational efficiency and data accuracy.Taxdoo GmbH, founded in 2016, is based in Hamburg, Germany, and provides a platform that automates VAT compliance for online retailers. The company was co-founded by Christian Königsheim, Matthias Allmendinger, and Roger Gothmann, who currently serves as CEO. Taxdoo has raised USD 64.00 mn in Series B funding from Accel as of November 12, 2021, bringing the total amount raised to USD 64.00 mn, with a current valuation of USD 593.03 mn.Taxdoo offers a comprehensive platform that integrates transaction data from 15 different marketplaces, payment processors, and accounting systems into an accessible accounting and VAT software solution. It helps online retailers and their tax advisors to manage their financial obligations with a single source of truth, reducing errors and improving data quality. The software is particularly beneficial for e-commerce businesses operating in multiple jurisdictions within the EU and Great Britain.For the most recent fiscal year 2023, Taxdoo reported a revenue of USD 13,062,347.50 and an EBITDA of USD -5,968,936, reflecting their subscription-based revenue model that supports various client needs through tailored pricing plans.Following its Series B funding round in November 2021, Taxdoo plans to expand its operations across Europe and develop what it describes as the financial operating system for e-commerce businesses. This funding will support their initiatives to introduce new products and enhance their service offerings, targeting growth in new markets.

## Funding rounds

- Series B, Nov 12, 2021, $64M — Accel
- Series A, Dec 8, 2020, $21M — Accel, High-Tech Gruenderfonds, Visionaries Club, 20VC
- Seed, Dec 19, 2017 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Visionaries Club (https://capitalatlas.ai/funds/visionaries-club) — Series A
- 20VC (https://capitalatlas.ai/funds/20vc) — Series A