Osborne Clarke advised Taxdoo GmbH in a Series A financing round of EUR 17 million. Taylor Wessing advised Accel.
The financing round was led by venture capital investor Accel. Visionaries Club, 20VC and HTGF (High-Tech Gründerfonds), which has been invested since the seed round already, also took part. Taxdoo offers an automated sales tax tool for online trading via its platform. The financing round is intended to further strengthen Taxdoo’s rapid growth. The focus is particularly on international expansion, research and development, sales and customer support.
Taxdoo provides online retailers with an automated, cloud-based platform and efficiently handles the essential compliance processes: starting with the data relationship process, the tax preparation of sales tax reports in the EU through to the financial accounting processing of transaction data. In addition, users of the platform can make collaboration with their tax advisor much easier and also overcome other potential compliance hurdles, such as the creation of reports for intra-trade statistics, without additional effort. Taxdoo enables more than 1,000 online retailers from the DACH region to sell their products and services in compliance with all compliance obligations.
The Osborne Clarke team under the leadership of the long-standing Taxdoo consultant Rouven Siegemund (Corporate / VC) consisted of Felix Hilgert, Dr. Hendrik Schöttle and Cédric Ludwig (all IT / IP law), Dr. Ulrike Bär (Tax law), Hannah-Maria Kampherm (Employment law), Jan Marco Aatz (Merger control law) and Nicolas Gabrysch (Picture – Corporate / VC).
The Taylor Wessing team included Hassan Sohbi (Partner, M&A/Venture Capital), Olga Kopka (Salary Partner, M&A/Venture Capital), David Becker (Senior Associate, M&A/Venture Capital), Arno Gotting (Salary Partner, Commercial Law), Dr. Jan Grawe (Salary Partner, Employment, Pensions & Mobility), Dr. Nikolai Voß (Salary Partner, Trademarks, Advertising & Design), Elnaz Mehrkhah (Senior Associate, Tax Law), Carolin Schneider (Associate, Technology, Media & Telecommunications), all Frankfurt, Jennifer Pohl (Associate, Commercial)
Involved fees earner: Jan Marco Aatz – Osborne Clarke; Ulrike Bär – Osborne Clarke; Nicolas Gabrysch – Osborne Clarke; Felix Hilgert – Osborne Clarke; Hannah-Maria Kampherm – Osborne Clarke; Cedric Ludwig – Osborne Clarke; Hendrik Schöttle – Osborne Clarke; Rouven Siegemund – Osborne Clarke; David Becker – Taylor Wessing; Arno Gotting – Taylor Wessing; Jan Grawe – Taylor Wessing; Olga Kopka – Taylor Wessing; Elnaz Mehrkhah – Taylor Wessing; Jennifer Pohl – Taylor Wessing; Carolin Schneider – Taylor Wessing; Hassan Sohbi – Taylor Wessing; Nikolai Voß – Taylor Wessing;