Israeli VAT recovery company VATBox has raised $20 million. The investment was led by Target Global Fund with participation from existing investor Viola Private Equity and other private investors. The company plans to use the new funding to expand internationally.
VATBox, founded in 2013, is a B2B SaaS company that streamlines the VAT recovery process. The company uses cloud technology and automation to provide control of a company’s VAT spend. VATBox serves hundreds of multinational corporations, including Eli Lily, Danone, 3M, Nike, Dell, Amazon, and others.
Read more: Globes