Taxdoo is a technology company.
TAXDOO is an innovative accounting solution that automates financial processes for e-commerce businesses, providing real-time transparency and compliance with tax regulations.
Taxdoo has raised $86.7M across 3 funding rounds.
Taxdoo has raised $86.7M in total across 3 funding rounds.
Taxdoo is a Hamburg-based fintech company founded in 2016 that builds a SaaS platform automating VAT compliance, Intrastat reporting, and financial accounting for e-commerce businesses across Europe.[1][2][3] It serves online merchants, marketplaces like Amazon and eBay, Shopify users, tax advisors, and enterprises such as Beiersdorf, solving the pain of complex cross-border tax regulations by integrating via APIs for real-time data processing and compliance.[1][3] With strong growth—scaling from 45 to over 170 employees post-Series A in 2020, securing $64M in Series B funding in 2021 led by Tiger Global (total funding $85.7M), and supporting 1,700+ merchants—Taxdoo positions itself as the "Financial Operating System for e-commerce," expanding into broader pre-accounting and AI-driven workflows.[3][5]
Taxdoo was founded in 2016 by Dr. Matthias Allmendinger, Dr. Roger Gothmann, and Dr. Christian Königsheim, who developed the idea during their PhDs in finance and economics at the University of Hamburg.[3] Gothmann, a VAT expert with 10 years at the German Ministry of Finance, recognized the need to automate e-commerce tax compliance, which advisors deemed nearly impossible at the time.[3][4] The trio built an API-driven platform pulling transaction data directly from sources like Amazon and Shopify, proving automation feasible and gaining early traction among merchants and tax professionals.[1][4] Pivotal moments include winning the TAXCELLENCE Award 2020 and rapid expansion post-$64M Series B in 2021, backed by investors like Tiger Global, Accel, HTGF, Visionaries Club, and 20VC.[3]
Taxdoo rides the explosive growth of cross-border e-commerce, accelerated by globalization and post-pandemic digital shifts, where merchants face mounting EU/UK VAT complexities amid rising transaction volumes.[1][3] Its timing aligns perfectly with regulatory changes demanding automated compliance, positioning it as a translator of "agile e-commerce" into simple processes for sustainable scaling.[2] Market forces like API ecosystem maturity and AI advancements favor Taxdoo, enabling it to influence the ecosystem by partnering with platforms and advisors, reducing barriers for small merchants entering Europe, and setting standards for fintech in e-commerce finance.[4] As a leader in Germany's fintech scene, it drives efficiency for thousands, fostering a more compliant, growth-focused online retail environment.[5]
Taxdoo is poised to dominate as the go-to Financial Operating System for e-commerce, expanding AI automation, international coverage, and pre-accounting integrations to capture more of the booming €1T+ European market.[3][4] Trends like AI-driven compliance, unified data platforms, and e-commerce globalization will propel it, potentially through acquisitions or deeper marketplace embeds, evolving from VAT specialist to full-stack financial backbone.[1][4] Watch for further funding or strategic mergers, like its accountDigital synergy, amplifying influence as merchants scale globally—reinforcing its origin vision of simplifying tax intricacies for unbridled growth.[4]
Taxdoo has raised $86.7M in total across 3 funding rounds.
Taxdoo's investors include Visionaries Club, 01 Advisors, 20VC, Accel, AirAngels, Coinbase Ventures, FJ Labs, High-Tech Gründerfonds, Jude Gomila Rolling Fund, Sequoia Capital, TCV, Y Combinator.
Taxdoo has raised $86.7M across 3 funding rounds. Most recently, it raised $65.0M Series B in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $65.0M Series B | Visionaries Club | |
| Dec 1, 2020 | $21.0M Series A | 01 Advisors, 20VC, Accel, AirAngels, Coinbase Ventures, FJ Labs, High-Tech Gründerfonds, Jude Gomila Rolling Fund, Sequoia Capital, TCV, Visionaries Club, Y Combinator, Akash Garg, Aston Motes, Bobby Goodlatte, Charlie Cheever, Christina Cacioppo, Claire Hughes Johnson, Dylan Field, Immad Akhund, Jeff Chang, Julia DeWahl, Koen Bok, Lauren Loktev, Marc McCabe, Robert Gentz, Stewart Butterfield, Tikhon Bernstam | |
| Dec 1, 2017 | $710K Seed | High-Tech Gründerfonds |