In January 2021, WSS Redpoint advised the Aachen-based software company Taxy.io GmbH on a seven-figure growth financing.

The Aachen startup for intelligent automation solutions develops and sells B2B software solutions for tax advisers, auditors, accountants and finance department staff. The focus is on automating advisory and research processes using artificial intelligence.

The existing investor TechVision Fonds I is joined by new investors, including Munich-based 42CAP, a VC fund specialising in B2B software/SaaS, and further business angels.

The aim of the growth financing is, on the one hand, to expand the offering geographically to the entire DACH region. On the other hand, the company is seeking to extend its sector focus from tax advice to general legal advice.

WSS Redpoint has advised the company since its foundation, including back in May 2019 on a seven-figure seed financing.

Daniel Kirch, CFO & Co-Founder, Taxy.io GmbH: ‘We have been working with Peter Siedlatzek and his team since Taxy.io GmbH was founded and for several years have enjoyed an exceptionally trusting, highly responsive and very competent collaboration. Peter’s extensive transaction experience in startups/venture capital and M&A has made a major contribution to the success of our financing rounds and thus to the company’s growth. We have benefited not only from their profound legal expertise but also from the entrepreneurial and negotiation strategy advice of the WSS experts. And since a healthy dose of humour is never missing when working with WSS, I can wholeheartedly recommend the firm to any startup.’

On the current growth financing, the startup is being advised on behalf of WSS Redpoint by Peter Siedlatzek as lead counsel.