Taxy.io GmbH

Taxy. io GmbH is a technology company focused on developing advanced artificial intelligence-driven software solutions to enhance the efficiency of tax advisors and their clients' operations. Founded in 2018 in Aachen, Germany, Taxy. io GmbH specializes in providing software solutions for tax consulting.

The company has successfully executed two deals, with its most recent deal occurring on December 18, 2020. The founders, Daniel Kirch, Steffen Kirchhoff, Sven Peper, and Sven Weber, have backgrounds in technology and tax consultancy, with Sven Peper currently serving as CEO. Taxy. io specializes in the development of digital, artificial intelligence-driven software solutions primarily designed for tax advisors and their staff.

The company's flagship offerings include innovative platforms such as 'Answers,' which integrates advanced language models with validated legal literature, ensuring that users have access to accurate and current information regarding tax law. Other key products include 'SmartGrundsteuer,' a comprehensive tool for property tax assessments, which streamlines the process of preparing tax declarations by consolidating client data and interfacing directly with the ELSTER system. Taxy. io serves a diverse clientele, including tax consulting firms and financial departments across various sectors, with a significant presence in the DACH region (Germany, Austria, Switzerland) and is expanding into additional European markets.

Taxy. io operates on a subscription-based revenue model, providing clients access to its suite of software solutions on a recurring basis. Tax consulting firms typically subscribe to multiple modules, such as Answers and SmartGrundsteuer, allowing them to leverage these tools for their client operations. The model ensures a steady revenue stream as firms pay for ongoing access to the software and any updates or new features released.

Taxy. io has a client base of over 1,500 customers who utilize the company's services to address more than 10,000 tax-related inquiries daily, indicating a robust engagement with its offerings in the marketplace. In December 2020, Taxy. io GmbH raised an undisclosed amount of Seed funding led by new investor 42CAP, with participation from another new investor TechVision Fonds.

The company plans to utilize this funding to enhance its product offerings and expand into new markets across Europe. Specifically, Taxy. io aims to launch new features for its existing products within the next year while targeting expansion into the Benelux region by late 2022.