Hamburg-based Taxdoo, an automated platform for financial compliance in the e-commerce industry has closed $21M (nearly €17M) Series A funding. This investment round was led by Accel, a global VC firm along with participation from 20VC, Visionaries Club, and existing investor HTGF. The company intends to use the investment for its rapid growth via international expansion, increased sales and customer support, hiring and R&D.
“The funds will be put to use in different areas. Since the demand for our products is growing and our roadmap is extensive, we are always on the lookout for new additions to our excellent team. We will continue building our exceptional engineering and product organisation in order to accelerate our platform roadmap,” Christian Königsheim, co-founder of Taxdoo, mentions in a blog post.