TaxDown, a Madrid, Spain-based tax tech startup focused on simplifying income tax filing for individuals and businesses in Spain and Mexico, has raised €4 million in funding.
Investors
The round was led by Bonsai Partners, with continued support from existing investors, including Base10, JME Ventures, 4Founders, Atresmedia, and Mediaset.
Bonsai Partners, established in 2018 and based in Madrid, is a venture capital firm that invests in European technology startups. The firm targets primary and secondary investment opportunities across various sectors, including finance, healthcare, and technology.
TaxDown Use of Funds
The company will use the funds to grow its team, enhance its technology, and continue refining the user experience.
About TaxDown
Founded in 2019 by Enrique García, Álvaro Falcones, and Joaquín Fernández, TaxDown offers an AI-powered platform designed to streamline income tax filing process for individuals and businesses in Spain and Latin America. By leveraging artificial intelligence, TaxDown automates tasks such as data filtering, drafting responses, and keeping teams updated with real-time changes in tax laws. Headquartered in Madrid, Spain, with a team of over 200 tax experts.
Funding Details
Company: TaxDown
Raised: €4.0M
Round: Undisclosed
Funding Date: April 2025
Lead Investor: Bonsai Partners
Additional Investors: Base10, JME Ventures, 4Founders, Atresmedia, Mediaset
Company Website: https://www.taxdown.es/
Software Category: AI - Tax Filing
Source: https://www.eu-startups.com/2025/04/madrid-based-taxdown-raises-e4-million-to-double-down-on-ai-and-redefine-the-future-of-tax-services/