Dutch tax software startup TaxModel raises “around €1 million” from Newion

Andrii Degeler

Andrii Degeler

Journalist and podcast host based in the Netherlands. Covering all things technology since 2007 for Tech.eu, Engadget, TNW, Ars Technica UK, the Kyiv Post, and more.

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.”

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