Spanish startup TaxDown has raised €4 million in contemporary 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 staff, 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 hundreds of thousands of individuals in Spain and Latin America file their tax returns. Its know-how robotically analyses present laws to use all related deductions, letting customers full their returns in only a few minutes. Behind the platform is a staff 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 unique strategy—specializing in constructing sturdy foundations, environment friendly operations, and tech-driven impression.
“We don’t consider mega-rounds are a synonym for achievement,” stated Enrique García, CEO and co-founder. “Our mannequin proves it’s attainable to scale effectively, make AI work for individuals, and keep worthwhile—without having to boost lots of 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 purpose: a paperless, personalised, and seamless tax expertise.
Up to now, 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 person opinions 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 preserving 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 knowledge factors with a stage of personalisation that may have been not possible not way back—delivering actual financial savings and peace of thoughts to our customers.”
The spherical was led by Bonsai Companions, considered one of Spain’s most skilled VC corporations, with a monitor file that features Idealista, Wallapop, and Glovo. Current buyers Base10, JME Ventures, 4Founders, Atresmedia, and Mediaset have additionally reaffirmed their assist, backing TaxDown’s long-term imaginative and prescient.
