The German fintech industry gains a unicorn in Taxfix GmbH (Taxfix): the Berlin-based startup raises $220 million (€209 million) in capital in a Series D financing round, increasing its company valuation to more than €1 billion. Ontario Teachers' Pension Plan Board (OTPP) leads the round of backers. Previous investors Index Ventures, Valar Ventures, Creandum and Redalpine are also participating again. Lead investor OTPP was advised on this funding round by a Taylor Wessing team led by Frankfurt partner Hassan Sohbi.
Taxfix enables simplified, digital processing of tax returns via app, including automated submission to the tax office. The application is already used in Germany, France, Spain and Italy and is Europe's leading mobile tax app. In addition to its headquarters in Berlin, the company is based in Madrid and employs more than 500 people in total.
Legal advisors Ontario Teachers' Pension Plan Board
Taylor Wessing Germany: Lead partner Hassan Sohbi (Partner), Philipp Seimel (Associate), Dr. Max Reinhardt (Senior Associate) all M&A/Venture Capital, Rudi Hasenberg (Salary Partner), Elnaz Mehrkhah (Senior Associate) both Tax, Dr. Jan Grawe (Salary Partner), Sophie Burmeister (Associate) both Employment, Pensions & Mobility, Svenja Maucher (Partner, IP/IT), Matthias Brenner (Associate), Clemens Koppers (Associate) both Technology, Media & Telecoms, Dr. Jan Philipp Rektorscheck (Partner), Tobias Baus (Associate) both Patents Technology & Life Sciences, both Munich, Dr. Marco Hartmann-Rüppel (Partner), Dr. Stefan Horn (Salary Partner), Niklas Melzer (Associate) all Competition, all Hamburg, Dr. Verena Ritter-Döring (Partner), Miroslav Duric (Professional Support Lawyer) both Banking & Finance, Arno Gotting (Salary Partner), Nils Schulze-Brüggemann (Associate), both Commercial & Distribution, all Frankfurt, if not otherwise stated
VC and growth experts Dr Norman Röchert and Dr Armin Bartsch advised AI-music tech startup Enote on all legal aspects of the funding round.