Taxfix, a German-based fintech providing automated tax services, has raised $220 million in Series D funding, bringing its total valuation to over $1 billion. Leading the round was Teachers’ Venture Growth (TVG) with assistance from current investors Index Ventures, Valar Ventures, Creandum, and Redalpine. Taxfix will invest in growth following the raise, hiring over 100 new workers in the first quarter of 2022 to boost its team size to over 500 people. The fresh capital will also be used to expand its product offering, starting with its free ‘Instant Refund’ service where users may submit tax returns quickly and conveniently using TaxFix’s app or website. It provides a simple solution that walks users through the tax filing process by asking them simple questions, just like a tax advisor would.
Meet Taxfix: Berlin’s digital tax accountant joining the unicorn club with $220 million funding