Translating the often-daunting world of e-commerce tax compliance into simple, automated processes has earned Hamburg-based Taxdoo a fresh injection of capital. The company announced it has closed a Series B funding round, bringing in $64.0M to fuel its continued growth.
Founded in 2016, Taxdoo provides a cloud-based solution for online merchants, tax consultants, and marketplaces across Europe. Its platform automatically handles VAT processes in foreign EU countries and the UK, collecting and evaluating transaction data to clearly identify VAT liabilities and free up businesses to focus on their success.
