Spanish startup TaxDown has raised €4 million in contemporary funding from Bonsai Companions to additional develop its AI-powered platform and enhance how folks handle their taxes. The corporate, already producing over €10 million in income, plans to make use of the capital to develop its crew, improve its expertise, and proceed refining the consumer expertise.
Based in 2019 by Enrique García, Álvaro Falcones, and Joaquín Fernández, TaxDown has modified how hundreds of thousands of individuals in Spain and Latin America file their tax returns. Its expertise routinely analyses present laws to use all related deductions, letting customers full their returns in just some minutes. Behind the platform is a crew 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 method. At a time when many startups chase massive funding rounds, TaxDown has taken a distinct strategy—specializing in constructing sturdy foundations, environment friendly operations, and tech-driven affect.
“We don’t consider mega-rounds are a synonym for fulfillment,” mentioned Enrique García, CEO and co-founder. “Our mannequin proves it’s doable to scale effectively, make AI work for folks, and keep worthwhile—with no need to boost a whole bunch of hundreds of 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 earnings tax returns and leads the market in submitting quantity in each Spain and Mexico. With greater than 30,000 consumer opinions and a 4.7-star score on Google, the platform has earned the belief of a large consumer base. Internally, its AI methods assist tax advisors work as much as 200 occasions extra effectively—automating duties like information filtering, drafting responses, and maintaining groups up to date with real-time modifications in tax legal guidelines.
“Synthetic intelligence permits us to develop quick with out including complexity,” García added. “We’re processing hundreds of thousands of information factors with a degree of personalisation that may 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 among Spain’s most skilled VC companies, with a monitor 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.
