International tax software provider TaxModel has landed a Series A round of “around €1 million” from Newion Investments.
Founded in 2005 in the Dutch city of 's-Hertogenbosch, TaxModel automates international direct tax workflows, including “transfer pricing, tax provisioning, forecasting, and supporting tools,” it stated in a press release. The startup claims to have over 80 customers, including major law firms, tax service provides, and accounting companies.
“We have strategic partnerships and client relationships with a number of top-notch global tax service providers such as Baker McKenzie, Deloitte, Dentons, Grant Thornton, PwC, and Taxand, and we hold licenses with various large, medium and small cap Dutch-based and foreign multinationals,” said Hank Moonen, CEO and founder of TaxModel. “The new funding will be used to further develop our platform and to expand marketing & sales.”