Spanish startup TaxDown has raised €4 million in recent funding from Bonsai Companions to additional develop its AI-powered platform and enhance how individuals handle their taxes. The corporate, already producing over €10 million in income, plans to make use of the capital to develop its workforce, improve its know-how, and proceed refining the person expertise.
Based in 2019 by Enrique García, Álvaro Falcones, and Joaquín Fernández, TaxDown has modified how thousands and thousands of individuals in Spain and Latin America file their tax returns. Its know-how routinely analyses present rules to use all related deductions, letting customers full their returns in only a few minutes. Behind the platform is a workforce of greater than 200 tax advisors, serving to guarantee every return is correct and optimised.
What makes TaxDown stand out is its dedication to rising in a sustainable and measured approach. At a time when many startups chase massive funding rounds, TaxDown has taken a special method—specializing in constructing sturdy foundations, environment friendly operations, and tech-driven affect.
“We don’t imagine mega-rounds are a synonym for fulfillment,” mentioned Enrique García, CEO and co-founder. “Our mannequin proves it’s potential to scale effectively, make AI work for individuals, and keep worthwhile—with no need to lift a whole bunch of thousands and thousands.”
AI on the coronary heart of the platform
With this new funding, TaxDown is doubling down on AI. The corporate plans to roll out new options that additional automate the tax course of and introduce digital advisor instruments to information customers alongside the way in which. The aim: a paperless, personalised, and seamless tax expertise.
To this point, TaxDown has simulated over 2 million private revenue tax returns and leads the market in submitting quantity in each Spain and Mexico. With greater than 30,000 person evaluations and a 4.7-star ranking on Google, the platform has earned the belief of a large person base. Internally, its AI methods assist tax advisors work as much as 200 occasions extra effectively—automating duties like knowledge filtering, drafting responses, and retaining groups up to date with real-time adjustments in tax legal guidelines.
“Synthetic intelligence permits us to develop quick with out including complexity,” García added. “We’re processing thousands and thousands of knowledge factors with a stage of personalisation that will have been unimaginable not way back—delivering actual financial savings and peace of thoughts to our customers.”
The spherical was led by Bonsai Companions, one in all Spain’s most skilled VC companies, with a observe file that features Idealista, Wallapop, and Glovo. Present traders Base10, JME Ventures, 4Founders, Atresmedia, and Mediaset have additionally reaffirmed their help, backing TaxDown’s long-term imaginative and prescient.
