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Announced

Completed

Ontario Teachers' Pension Plan Board led a $220m Series D funding round in Taxfix.

Financials

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Transaction Value£175m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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tax software

Software

Minority

Venture Capital

Private

Private Equity

Friendly

Acquisition

Germany

Cross Border

Completed

fintech

Synopsis

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Ontario Teachers' Pension Plan Board, an institutional investor, led a $220m Series D funding round in Taxfix, a mobile tax app, with participation from Index Ventures, Valar Ventures, Creandum and Redalpine. “We are incredibly proud to take the next step in our mission to help people overcome their fear of complex tax and financial issues together with TVG, a long-term partner that shares our vision. With this funding, we will continue to drive rapid international growth and the expansion of our product offering to develop additional financial services. In addition to doubling revenue in the first quarter of this year, we expanded into Spain, another important European market. I am particularly pleased that our team continues to grow – because this momentous landmark would not have been possible without the dedication and motivation of our very talented employees,” Martin Ott, Taxfix CEO.

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