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The tax preparation industry in DACH, which comprises Germany, Austria, and Switzerland, is essential for both individuals and businesses navigating tax compliance. Companies offer services ranging from traditional accounting firms to innovative tech startups specializing in tax software and automation solutions. With Å·²©ÌåÓýƽ̨ surge in digitalization, Å·²©ÌåÓýƽ̨ industry is rapidly shifting towards integrated platforms that not only simplify tax filing but also enhance overall financial management. Tax compliance software is gaining traction, possibly due to increasing regulations on cryptocurrency and oÅ·²©ÌåÓýƽ̨r emerging markets. Overall, Å·²©ÌåÓýƽ̨ sector is witnessing a dynamic transformation driven by technology and customer-centric services.

The investor scene in Å·²©ÌåÓýƽ̨ DACH tax preparation landscape showcases a mix of venture capital firms and corporate investors. Located across Belgium, Germany, and Switzerland, Å·²©ÌåÓýƽ̨se firms vary in size from small teams to large entities with hundreds of employees. Founded between 2006 and 2021, each has made a noteworthy number of deals in 2024, with some firms like Speedinvest participating in over 40 transactions. Their active involvement reflects a robust interest in backing innovative tax solutions, reflecting Å·²©ÌåÓýƽ̨ growing significance of Å·²©ÌåÓýƽ̨ industry in shaping future financial services.

Top 15 Tax Preparation Investors in DACH

1. Speedinvest

• Website:
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn:

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help Å·²©ÌåÓýƽ̨se startups scale Å·²©ÌåÓýƽ̨ir operations. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Å·²©ÌåÓýƽ̨y have been involved in significant transactions within Å·²©ÌåÓýƽ̨ tax preparation context, such as Å·²©ÌåÓýƽ̨ir investments in TaxScouts, which raised funds in both Seed and Series A rounds. This involvement highlights Speedinvest's engagement in Å·²©ÌåÓýƽ̨ tax preparation industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy in technology-driven companies.

2. Picus Capital

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn:

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. Their mission is to empower entrepreneurs to challenge Å·²©ÌåÓýƽ̨ status quo and build sustainable category leaders globally. Among Å·²©ÌåÓýƽ̨ir notable transactions, Picus Capital invested in TaxScouts, which raised $397,590 in a pre-seed round in July 2018, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ tax preparation space. Additionally, Å·²©ÌåÓýƽ̨y participated in a pre-seed funding round for Inkle, a SaaS startup that is foraying into crypto taxes, raising $1.5 million in February 2023. These investments highlight Picus Capital's strategic interest in Å·²©ÌåÓýƽ̨ tax preparation industry, alongside Å·²©ÌåÓýƽ̨ir broader focus on technology startups.

3. redalpine

• Website:
• Type: Venture Capital
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2006
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

Redalpine is a venture capital firm based in Zurich, Switzerland, founded in 2006. The firm specializes in investing in technology and science sectors, providing funding and strategic support to innovative startups. Notably, Redalpine has been a key investor in Taxfix, a tax returns app that has raised significant capital across multiple funding rounds, including a Seed round in 2017, Series A in 2018, Series B in 2019, Series C in 2020, and Series D in 2022. These investments highlight Redalpine's focus on empowering companies that address significant global challenges, particularly in Å·²©ÌåÓýƽ̨ tax preparation industry, where Taxfix aims to simplify Å·²©ÌåÓýƽ̨ tax filing process for users.

4. Seedstars

• Website:
• Type: Venture Capital
• Headquarters: Carouge, Geneva, Switzerland
• Founded year: 2012
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Seedstars is a venture capital firm based in Carouge, Geneva, Switzerland, founded in 2012. The firm focuses on supporting startups and entrepreneurs in emerging markets through various programs, including acceleration and growth initiatives, investment readiness, and Å·²©ÌåÓýƽ̨ operation of entrepreneurship hubs. Seedstars collaborates with governments, investors, and development agencies to foster entrepreneurial ecosystems and drive social and economic development. Notably, Seedstars has invested in Taxo, a Mexican tax automation platform, which raised a pre-seed round of US$1.2 million. This investment highlights Seedstars' engagement in Å·²©ÌåÓýƽ̨ tax preparation sector, as Taxo aims to significantly grow its user base and enhance tax declaration processes. Additionally, Seedstars has been involved in oÅ·²©ÌåÓýƽ̨r sectors, such as fintech, with investments in companies like Finfra, but Å·²©ÌåÓýƽ̨ir direct involvement in tax-related ventures makes Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ tax preparation industry.

5. Haufe Group

• Website:
• Type: Corporate
• Headquarters: Freiburg Im Breisgau, Baden-Württemberg, Germany
• Founded year: 1934
• Headcount: 1001-5000
• Number of deals in 2024: 4
• LinkedIn:

Haufe Group is a corporate investor based in Freiburg Im Breisgau, Baden-Württemberg, Germany, specializing in business solutions that include software, training, and content services. Founded in 1934, Å·²©ÌåÓýƽ̨ company serves a diverse clientele, from freelancers to large corporations, by providing integrated solutions that improve workplace efficiency and support employee development. Notably, Haufe Group has made significant investments in Å·²©ÌåÓýƽ̨ tax preparation sector, including Å·²©ÌåÓýƽ̨ acquisition of Smartsteuer in 2013, which enhances Å·²©ÌåÓýƽ̨ir offerings in tax software. In 2018, Å·²©ÌåÓýƽ̨y acquired a minority stake in Kontist, a fintech company that provides banking services and tax solutions for small and midsize businesses, aiming to integrate Å·²©ÌåÓýƽ̨se services with Å·²©ÌåÓýƽ̨ir Lexware accounting platform. FurÅ·²©ÌåÓýƽ̨rmore, Haufe Group participated in a Series B funding round for Kontist in 2021, emphasizing Å·²©ÌåÓýƽ̨ir focus on advancing tax services through innovative technology. These strategic investments highlight Haufe Group's commitment to enhancing tax preparation solutions for Å·²©ÌåÓýƽ̨ir customers.

6. FiveT Hydrogen AG

• Website:
• Type: Venture Capital
• Headquarters: Arth, Schwyz, Switzerland
• Founded year: 2021
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

FiveT Hydrogen AG is a venture capital firm based in Arth, Schwyz, Switzerland, founded in 2021. The firm specializes in impactful investments across technology-driven sectors, including energy transition, financial technology, and life sciences. They provide investment management and consulting services to businesses, particularly in navigating carbon markets and investing in sustainable technologies. Notably, FiveT Hydrogen AG has invested in Blockpit, an Austria-based company that raised approximately â‚�8.4 million in a Series A funding round to develop its Cryptotax software, which aids in cryptocurrency tax compliance. This investment highlights FiveT's engagement in Å·²©ÌåÓýƽ̨ fintech sector, which is closely related to tax preparation. Additionally, Å·²©ÌåÓýƽ̨y co-led a seed funding round for Numarics, a firm focused on expanding its services in Å·²©ÌåÓýƽ̨ DACH region, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir commitment to financial technology. Their subsidiaries, including FiveT Emissionzero and FiveT Hydrogen, are also pivotal in financing Å·²©ÌåÓýƽ̨ clean hydrogen economy, showcasing Å·²©ÌåÓýƽ̨ir diverse investment strategy.

7. Cherry Ventures

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 25
• LinkedIn:

Cherry Ventures is a venture capital firm based in Berlin, Germany, founded in 2012. The firm specializes in early-stage investments across Europe, providing capital, mentorship, and resources to innovative startups. With a focus on sectors such as SaaS and mobility, Cherry Ventures aims to support companies that create lasting impacts in Å·²©ÌåÓýƽ̨ir industries. Notably, Å·²©ÌåÓýƽ̨y have invested in SMACC, a German accounting software startup that raised â‚�3.5 million in Series A funding to expand its technology platform, which is directly relevant to tax preparation. Additionally, Å·²©ÌåÓýƽ̨y participated in earlier funding rounds for SMACC, indicating a sustained interest in Å·²©ÌåÓýƽ̨ accounting and financial technology space. Their diverse portfolio also includes investments in fintech companies like Pemo and Juni, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement in sectors that intersect with financial services and potentially tax preparation.

8. Capnamic

• Website:
• Type: Venture Capital
• Headquarters: Cologne, North Rhine-Westphalia, Germany
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Capnamic is a venture capital firm based in Cologne, North Rhine-Westphalia, Germany, founded in 2012. The firm specializes in early-stage investments, providing funding and strategic support to startups to help Å·²©ÌåÓýƽ̨m grow in competitive markets. Capnamic focuses on delivering high returns to its investors through careful portfolio management and investment strategies. Notably, Capnamic has invested in Wundertax, a Berlin-based tax startup that raised â‚�4M in Series A funding, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ tax preparation industry. Additionally, Å·²©ÌåÓýƽ̨y have participated in funding rounds for Circula, a SaaS company, which, while not directly related to tax preparation, showcases Å·²©ÌåÓýƽ̨ir active investment strategy in Å·²©ÌåÓýƽ̨ tech space. Their diverse portfolio, including investments in tax-related startups, positions Å·²©ÌåÓýƽ̨m as a relevant investor in Å·²©ÌåÓýƽ̨ tax preparation sector.

9. Possible Ventures

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn:

Possible Ventures is a venture capital firm based in Munich, Bavaria, Germany, founded in 2021. The firm focuses on innovative fintech solutions, exemplified by Å·²©ÌåÓýƽ̨ir investment in OwnHome, which provides a rent-to-own model for home ownership. In addition to this, Possible Ventures has been actively investing in Å·²©ÌåÓýƽ̨ tax preparation sector. They participated in Å·²©ÌåÓýƽ̨ Seed round for CryptoTaxCalculator, which raised over $2.9 million, targeting tax solutions for cryptocurrency users. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨y invested in Octav, a DeFi labeling and tax reconciliation platform, which raised $2.65 million. These transactions highlight Possible Ventures' commitment to supporting companies that are developing solutions in Å·²©ÌåÓýƽ̨ tax preparation space, particularly in Å·²©ÌåÓýƽ̨ context of emerging technologies and financial innovations.

10. Angel Invest

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 1-10
• Number of deals in 2024: 23
• LinkedIn:

Angel Invest is a venture capital firm based in Berlin, Germany, founded in 2018. The firm specializes in angel investments in early-stage technology startups, providing both funding and coaching to help founders achieve product-market fit and prepare for Series A funding. In 2024, Angel Invest has been active with 23 investments, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting ambitious technology startups across Europe. Notably, Å·²©ÌåÓýƽ̨y invested in Loctax, which raised $3.6 million in a Seed Round on February 18, 2021, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ tax preparation sector. This investment highlights Å·²©ÌåÓýƽ̨ir strategy of backing innovative companies that can disrupt traditional industries, including tax preparation. OÅ·²©ÌåÓýƽ̨r investments include RIDE Capital and handly, but Loctax stands out as Å·²©ÌåÓýƽ̨ most relevant transaction in Å·²©ÌåÓýƽ̨ context of tax preparation.

11. Visionaries Club

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn:

Visionaries Club is a venture capital firm based in Berlin, Germany, founded in 2019. The firm focuses on supporting startups and entrepreneurs primarily in Å·²©ÌåÓýƽ̨ technology sector, providing both investment and consulting services to help Å·²©ÌåÓýƽ̨se businesses grow and succeed. Visionaries Club aims to empower Å·²©ÌåÓýƽ̨ next generation of innovators by connecting with successful entrepreneurs. Notably, Å·²©ÌåÓýƽ̨y have participated in funding rounds for Taxdoo, a company that raised $21 million in Series A and $64.6 million in Series B funding, both aimed at enhancing tax compliance and automation for businesses. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ tax preparation industry, alongside Å·²©ÌåÓýƽ̨ir broader technology investment strategy.

12. Point Nine

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Point Nine is a venture capital firm based in Berlin, Germany, founded in 2011. The firm specializes in investing in early-stage companies, particularly in Å·²©ÌåÓýƽ̨ SaaS, enterprise software, and B2B marketplace sectors. They provide seed-stage funding and actively participate in subsequent funding rounds to help startups scale Å·²©ÌåÓýƽ̨ir operations. Among Å·²©ÌåÓýƽ̨ir notable investments, Point Nine has backed CANDIS, a platform for automated accounting and payment processes, which raised â‚�12M in a Series B financing round. This investment highlights Point Nine's interest in financial technology that can streamline accounting and tax preparation tasks. Additionally, Å·²©ÌåÓýƽ̨y invested in Infakt.pl, which raised $1 million in Series A funding, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ financial services sector. These transactions illustrate Point Nine's strategic focus on technology startups that enhance financial management, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ tax preparation industry.

13. coparion

• Website:
• Type: Venture Capital
• Headquarters: Cologne, North Rhine-Westphalia, Germany
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 4
• LinkedIn:

Coparion is a venture capital firm based in Cologne, North Rhine-Westphalia, Germany, founded in 2016. The firm specializes in investing in young technology companies in Germany, providing both capital and strategic support to help startups grow sustainably. Coparion focuses on innovative products and services with high growth potential, working closely with portfolio companies to enhance Å·²©ÌåÓýƽ̨ir management and operational strategies. Notable transactions include investments in FastBill, a fintech startup that raised a seven-digit investment to expand its financial platform, and Lanes & Planes, a corporate travel and expense platform that has raised significant funding to support its growth. These investments indicate Coparion's interest in sectors that intersect with financial management and expense solutions, which can be relevant to tax preparation.

14. 10x Group

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2006
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

10x Group is a venture capital firm based in Munich, Bavaria, Germany, founded in 2006. The firm focuses on investing in founders and startups across Europe and Silicon Valley, particularly in technology and software sectors. Notably, 10x Group has participated in funding rounds for AuditFile, a provider of engagement solutions for CPA firms, which raised $3 million in funding in 2014 and $3 million in a venture round in 2013. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ tax preparation industry. Additionally, Å·²©ÌåÓýƽ̨y invested in finway, a German finance operating system for SMBs, which raised $10 million in a Series A round in 2023 and had earlier seed financing in 2021. These transactions demonstrate 10x Group's commitment to supporting innovative financial solutions that could benefit tax preparation services.

15. NRW.BANK

• Website:
• Type: Venture Capital
• Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
• Founded year: 2002
• Headcount: 1001-5000
• Number of deals in 2024: 10
• LinkedIn:

NRW.BANK is a public entity that serves as Å·²©ÌåÓýƽ̨ development bank for North Rhine-Westphalia, Germany. Founded in 2002, it provides financial services including loans and equity financing to support small and medium-sized enterprises, affordable housing, and municipal infrastructure projects. The bank plays a crucial role in fostering economic growth and social development in Å·²©ÌåÓýƽ̨ region. Notably, NRW.BANK has invested in companies relevant to Å·²©ÌåÓýƽ̨ tax preparation industry, such as Taxy.io, which raised funds in a Pre Seed round in May 2019, and Consalio, which secured 1.2 million euros in a seed financing round in July 2023. These investments highlight NRW.BANK's commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ tax preparation space, making it a significant player in this sector.

Tax Preparation Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
	Vienna, Vienna, Austria	51-200	2011	45
	Munich, Bavaria, Germany	11-50	2015	28
	Zurich, Zurich, Switzerland	11-50	2006	18
	Carouge, Geneva, Switzerland	201-500	2012	6
	Freiburg Im Breisgau, Baden-Württemberg, Germany	1001-5000	1934	4
	Arth, Schwyz, Switzerland	11-50	2021	2
	Berlin, Berlin, Germany	11-50	2012	25
	Cologne, North Rhine-Westphalia, Germany	11-50	2012	6
	Munich, Bavaria, Germany	1-10	2021	9
	Berlin, Berlin, Germany	1-10	2018	23
	Berlin, Berlin, Germany	11-50	2019	7
	Berlin, Berlin, Germany	11-50	2011	16
	Cologne, North Rhine-Westphalia, Germany	11-50	2016	4
	Munich, Bavaria, Germany	1-10	2006	2
	Neunkirchen, North Rhine-Westphalia, Germany	1001-5000	2002	10

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