Taxfix has raised $220m. The Series D round was led by Teachers’ Venture Growth (TVG), Index Ventures, and Valar Ventures. Creandum and Redalpine participated in the round as well. This news elevates the Berlin-based fintech to unicorn status with a total valuation of over $1bn.
In the past five years Taxfix has created a new category of mobile tax filing by taking the pain out of the stressful process by making it accessible and simple for everyone to file their taxes through the app.
About this exciting milestone, Taxfix CEO, Martin Ott, says: "With this funding, we will continue to drive rapid international growth and the expansion of our product offering to develop additional financial services. In addition to doubling revenue in the first quarter of this year, we expanded into Spain, another important European market. I am particularly pleased that our team continues to grow – because this momentous landmark would not have been possible without the dedication and motivation of our very talented employees."
Our unicorn company has hired more than 100 new employees in the first quarter of this year to bring the total team size to more than 500 people.
The new funding will drive the continuation of tremendous growth and product portfolio expansion – starting with the launch of a free service, “Instant Refund” – and further internationalization.
We are very proud to have supported Taxfix from the beginning and congratulate the whole team for their outstanding success.
For more information read this TechCrunch article.