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Taylor Wessing advises Accel as lead investor at USD 21 million Series A financing spherical in Taxdoo GmbH

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Taxdoo has raised a complete of USD 21 million in its Series A financing spherical from world enterprise capital agency Accel, with participation from Visionaries Club, 20VC and the present investor High-Tech Gründerfonds (HTGF). A enterprise capital crew of Taylor Wessing led by Frankfurt accomplice Hassan Sohbi has suggested Accel.

Taxdoo, based by Dr. Matthias Allmendinger, Dr. Roger Gothmann and Dr. Christian Königsheim in 2016, is a compliance startup from Hamburg. Taxdoo gives prospects within the e-commerce sector an in-house developed finance compliance platform which can be utilized to handle numerous compliance matters in an automatic course of, resembling value-added tax reportings as well as invoicing and Intrastat reportings.

Accel is a number one world enterprise capital agency, with investments in corporations resembling Dropbox, Facebook, Slack and Spotify. Accel works with startups in seed, early and growth-stage investments.

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