TaxModel
About TaxModel
TaxModel is a company founded in 2005 by Hank Moonen was acquired by Tax Systems in December 2023.. TaxModel has raised $1.14 million across 1 funding round from investors including Tax Systems and Newion. TaxModel offers products and services including TPbenchmark, TPdoc, TaxProof, Alphatax, and DAC6pro. TaxModel operates in a competitive market with competitors including SurePrep, K1x, HubSync, Taxware Systems and LittleNewt, among others.
- Founders Hank Moonen
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.14 M (USD)
in 1 rounds
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Latest Funding Round
$1.14 M (USD), Series A
Dec 24, 2018
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Investors
Tax Systems
& 1 more
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Employee Count
Employee Count
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Acquired by
Tax Systems
(Dec 12, 2023)
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Products & Services of TaxModel
TaxModel offers a comprehensive portfolio of products and services, including TPbenchmark, TPdoc, TaxProof, Alphatax, and DAC6pro. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based tool for tax benchmarking and analysis services
Smart platform for transfer pricing documentation processes
Software for tax accounting and reporting compliance needs
Platform for UK and Ireland corporate tax compliance
Tool for managing mandatory disclosure regime obligations
Unlock access to complete
Funding Insights of TaxModel
TaxModel has successfully raised a total of $1.14M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.14 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.1M
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First Round
First Round
(24 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series A - TaxModel | Valuation | Newion |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TaxModel
TaxModel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Tax Systems and Newion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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B2B sector focused early & expansion stage VC firm investing in Benelux
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Founded Year | Domain | Location | |
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Tax compliance and regulatory solutions are provided for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TaxModel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TaxModel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Taxmodel Comparisons
Competitors of TaxModel
TaxModel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SurePrep, K1x, HubSync, Taxware Systems and LittleNewt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of tax automation software
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| domain | founded_year | HQ Location |
Provider of AI-powered automation software for K-1, K-3, and 990 tax reporting
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| domain | founded_year | HQ Location |
Software-based taxation solutions platform for tax professionals
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| domain | founded_year | HQ Location |
Tax preparation software is developed for tax professionals.
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| domain | founded_year | HQ Location |
AI-driven software for tax preparation and practice management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TaxModel
When was TaxModel founded?
TaxModel was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Who is the current CEO of TaxModel?
Hank Moonen is the current CEO of TaxModel. They have also founded this company.
Is TaxModel a funded company?
TaxModel is a funded company, having raised a total of $1.14M across 1 funding round to date. The company's 1st funding round was a Series A of $1.14M, raised on Dec 24, 2018.
What does TaxModel do?
TaxModel was founded in 2005 and operates in the tax services sector. In-house support is offered to businesses for transfer pricing, tax accounting, and international tax. Key tools include TaxProof for tax accounting workflows, TaxInterco for operational transfer pricing management, TaxForecast for generating tax projections, and TaxStructure for KYC applications. Additional solutions are available to streamline professional tax processes.
Who are the top competitors of TaxModel?
What products or services does TaxModel offer?
TaxModel offers TPbenchmark, TPdoc, TaxProof, Alphatax, and DAC6pro.
Who are TaxModel's investors?
TaxModel has 2 investors. Key investors include Tax Systems, and Newion.