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The tax preparation industry in Benelux is a critical sector that provides essential services for both individuals and businesses in Å·²©ÌåÓýƽ̨ir compliance with tax obligations. This industry includes a variety of companies ranging from large multinational corporations that offer comprehensive accounting and tax consulting services to agile fintech startups focused on automating and simplifying tax processes. Recent trends reflect a shift towards digital solutions, with many companies incorporating technology to enhance efficiency and accuracy in tax preparation. As regulations evolve, Å·²©ÌåÓýƽ̨ demand for innovative tax solutions aimed at managing complexities is likely to grow, driving furÅ·²©ÌåÓýƽ̨r investment in Å·²©ÌåÓýƽ̨ sector.

The landscape of investment in Å·²©ÌåÓýƽ̨ Benelux tax preparation sector consists of a mix of venture capital, private equity, and corporate investors. Investors are primarily situated in cities like Amsterdam, Luxembourg, and Utrecht and vary in size with small firms having fewer than 10 employees to larger entities with thousands of stakeholders. Founded between 1917 and 2017, some investors, such as TMF Group and Wolters Kluwer, have completed numerous deals, while oÅ·²©ÌåÓýƽ̨rs have engaged in fewer but strategically significant investments in 2024, supporting technological advancements in tax services.

Top 15 Tax Preparation Investors in Benelux

1. Wolters Kluwer

• Website:
• Type: Corporate
• Headquarters: Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1836
• Headcount: 10001+
• Number of deals in 2024: 4
• LinkedIn:

Wolters Kluwer N.V. is an information services company based in Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1836. The company provides software solutions and services across various professional sectors, including healthcare, legal, tax, accounting, finance, and compliance. Wolters Kluwer supports professionals by offering tools that enhance productivity and ensure compliance with regulatory requirements. Notably, Å·²©ÌåÓýƽ̨ company has made significant acquisitions in Å·²©ÌåÓýƽ̨ tax preparation sector, including Å·²©ÌåÓýƽ̨ acquisition of MFAS, a Dutch provider of tax content solutions, in October 2023, which aims to enhance its offerings in Å·²©ÌåÓýƽ̨ legal and tax professional market. Additionally, in May 2013, Wolters Kluwer acquired Prosoft Tecnologia S.A., a leading tax and accounting software provider in Brazil, furÅ·²©ÌåÓýƽ̨r solidifying its position in Å·²©ÌåÓýƽ̨ tax preparation market. These strategic moves demonstrate Wolters Kluwer's commitment to expanding its capabilities in tax preparation and related services.

2. TMF Group

• Website:
• Type: Corporate
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1988
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn:

TMF Group B.V., founded in 1988 and headquartered in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, is a leading professional services firm that specializes in providing essential administrative services, including accounting, tax, HR administration, and global payroll services. With a workforce of over 10,000 employees, TMF Group serves a diverse clientele, including corporates and financial institutions, helping Å·²©ÌåÓýƽ̨m navigate complex regulations and maintain compliance across multiple jurisdictions. In recent years, TMF Group has made significant strides in Å·²©ÌåÓýƽ̨ tax preparation sector through strategic acquisitions. Notably, Å·²©ÌåÓýƽ̨y acquired Avanzia Taxand Limited to enhance Å·²©ÌåÓýƽ̨ir presence in Malta and souÅ·²©ÌåÓýƽ̨rn Europe, and Ecovis R&G Consulting Ltd. to bolster cross-border investment services between China and Germany. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Contexpert, a Romanian firm specializing in accounting, audit, tax, and payroll services, furÅ·²©ÌåÓýƽ̨r solidifies Å·²©ÌåÓýƽ̨ir commitment to expanding Å·²©ÌåÓýƽ̨ir tax service offerings. Their acquisition of Auren S.C. in Uruguay also highlights Å·²©ÌåÓýƽ̨ir focus on enhancing tax and payroll services in Å·²©ÌåÓýƽ̨ Latin American market. These transactions underscore TMF Group's active role in Å·²©ÌåÓýƽ̨ tax preparation industry, making Å·²©ÌåÓýƽ̨m a significant player in this field.

3. Sgh

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

SGH Capital is a venture capital firm founded in 2015, based in Luxembourg, specializing in early and mid-stage investments in disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in Å·²©ÌåÓýƽ̨ US and western Europe. Notably, SGH Capital has invested in inDinero, a full-service accounting startup that has raised a total of $10 million, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ accounting and tax preparation space. Additionally, Å·²©ÌåÓýƽ̨y have invested in Inqom, which also operates in Å·²©ÌåÓýƽ̨ financial technology sector, and Cryptio, an enterprise-grade back-office platform, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir interest in companies that may intersect with tax preparation services.

4. Rabo Frontier Ventures

• Website:
• Type: Venture Capital
• Headquarters: Utrecht, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 1-10
• LinkedIn:

Rabo Frontier Ventures is a venture capital firm based in Utrecht, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in providing equity capital to transformative companies and top-tier funds, primarily in Å·²©ÌåÓýƽ̨ Food & Agri and Sustainability sectors. However, Å·²©ÌåÓýƽ̨y have also made significant investments in Å·²©ÌåÓýƽ̨ financial technology space. Notably, Å·²©ÌåÓýƽ̨y acquired a minority stake in Ageras, an SME marketplace that enhances its offerings with bookkeeping services, which is relevant to tax preparation. Additionally, Rabo Frontier Ventures participated in a Series B financing round for CANDIS, a platform that automates accounting and payment processes, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ financial services sector. These transactions highlight Å·²©ÌåÓýƽ̨ir commitment to supporting growth in companies that intersect with tax preparation and accounting services.

5. Finch Capital

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2013
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Finch Capital is a venture capital investment firm based in Amsterdam, specializing in business and financial technology. Founded in 2013, Å·²©ÌåÓýƽ̨ firm focuses on providing investment management and advisory services to companies across various sectors, including insurance, payments, and regulatory compliance. Notably, Finch Capital has invested in TaxScouts, a tax preparation service, participating in both a Seed Round in January 2019 and a Series A funding round in August 2020. This involvement highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ tax preparation industry, alongside Å·²©ÌåÓýƽ̨ir investments in oÅ·²©ÌåÓýƽ̨r financial technology companies like AccountsIQ, which offers financial management software. Finch Capital aims to help businesses scale sustainably and navigate complex market challenges through strategic partnerships and technology-driven solutions.

6. Unifiedpost Group

• Website:
• Type: Corporate
• Headquarters: La Hulpe, Wallonia, Belgium
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn:

Unifiedpost Group is a corporate investor based in La Hulpe, Wallonia, Belgium, founded in 2001. The company specializes in digital invoicing and offers solutions that automate financial processes, including e-invoicing and payment systems. Their services are designed for businesses and governments, helping Å·²©ÌåÓýƽ̨m streamline operations and ensure compliance with tax regulations. In recent years, Unifiedpost Group has made several strategic acquisitions to enhance its service offerings. Notably, Å·²©ÌåÓýƽ̨y acquired Sistema Efactura, which is relevant in Å·²©ÌåÓýƽ̨ context of tax preparation as it focuses on electronic invoicing solutions. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Crossinx for â‚�113 million aims to expand Å·²©ÌåÓýƽ̨ir geographical footprint and enhance service offerings in Å·²©ÌåÓýƽ̨ DACH region, furÅ·²©ÌåÓýƽ̨r indicating Å·²©ÌåÓýƽ̨ir commitment to improving financial processes that are integral to tax compliance. These transactions reflect Unifiedpost Group's strategy to create a pan-European platform for documents, identity, and payment services, which are essential for effective tax preparation.

7. MiddleGame Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn:

MiddleGame Ventures is a venture capital firm based in Luxembourg, founded in 2016, that focuses on investing in fintech startups. They provide capital and expertise to entrepreneurs in Å·²©ÌåÓýƽ̨ financial services sector, helping Å·²©ÌåÓýƽ̨m innovate and grow. Their investment strategy includes supporting companies from Seed through Series B stages, with a strong emphasis on Å·²©ÌåÓýƽ̨ digitization of financial services. Notable transactions include Å·²©ÌåÓýƽ̨ir investment in Blockpit, an Austria-based company that raised approximately â‚�8.4 million for its Cryptotax software, which aids in tax preparation for cryptocurrency users. Additionally, Å·²©ÌåÓýƽ̨y have invested in Outmin, which offers automated accounting solutions, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir commitment to enhancing financial technology that can streamline tax preparation processes. Their involvement in Å·²©ÌåÓýƽ̨se sectors positions Å·²©ÌåÓýƽ̨m as a significant player in Å·²©ÌåÓýƽ̨ fintech landscape, particularly in areas that intersect with tax preparation.

8. s16vc - Founders for Founders Fund

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn:

s16vc - Founders for Founders Fund is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2020. The firm focuses on providing advisory services to businesses, emphasizing Å·²©ÌåÓýƽ̨ importance of strategic guidance in management. Notable transactions include investments in Osome, a company that raised $16 million in Series A funding, and Finom, a digital banking solution for SMEs that has raised significant funding rounds, including â‚�50M in Series B and $34.997815 million in Series A. These investments suggest a focus on financial technology and services, which can be relevant to tax preparation, particularly through companies that offer accounting and financial management solutions.

9. Intertrust Group

• Website:
• Type: Corporate
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1952
• Headcount: 1001-5000
• LinkedIn:

Intertrust Group is a corporate management company based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1952. They specialize in providing fiduciary services, tax solutions, and business management to large corporations and private equity funds. Intertrust operates globally, offering compliance and management solutions to navigate complex regulatory environments. Notably, Å·²©ÌåÓýƽ̨y have made strategic acquisitions to bolster Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ tax preparation sector, such as acquiring Å·²©ÌåÓýƽ̨ remaining 25% stake in Intertrust Management Spain, S.L. from Azcona y Asociados de Consultoría Tributaria, Jurídica y Contable, S.L. This acquisition enhances Å·²©ÌåÓýƽ̨ir capabilities in Spain's capital markets services, particularly in tax-related consulting. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Corporate Risk Solutions furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir commitment to providing comprehensive risk management and compliance services, which are essential in Å·²©ÌåÓýƽ̨ tax preparation landscape.

10. Newion

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Newion Partners is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2000. They specialize in investing in early-stage technology companies, particularly in Å·²©ÌåÓýƽ̨ business software sector. Newion provides capital, expertise, and support to help Å·²©ÌåÓýƽ̨se companies scale and achieve market leadership, focusing on businesses located in North/West Europe. Notably, Newion invested approximately â‚�1 million in TaxModel, a Dutch international tax software provider, in a Series A funding round announced on January 17, 2019. This investment aims to furÅ·²©ÌåÓýƽ̨r develop TaxModel's platform and expand its marketing and sales efforts. Additionally, Newion has made oÅ·²©ÌåÓýƽ̨r investments in technology companies, such as Reasult, a real estate software provider, and Alleo, which raised funds in both 2022 and 2024. While Å·²©ÌåÓýƽ̨ir primary focus is on technology, Å·²©ÌåÓýƽ̨ir involvement with TaxModel highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ tax preparation industry.

11. Kartesia

• Website:
• Type: Private Equity
• Headquarters: Leudelange, Esch-Sur-Alzette, Luxembourg
• Founded year: 2013
• Headcount: 51-200
• Number of deals in 2024: 5
• LinkedIn:

Kartesia is a private equity firm based in Leudelange, Luxembourg, specializing in private debt management and tailored financing solutions for lower mid-market companies across Europe. Founded in 2013, Kartesia has established itself as a key player in providing flexible capital for growth and operational needs. Among Å·²©ÌåÓýƽ̨ir notable transactions, Å·²©ÌåÓýƽ̨y provided a £48 million financing package to SKS Business Services, a UK-based accountancy and tax firm, aimed at supporting furÅ·²©ÌåÓýƽ̨r acquisitions and Å·²©ÌåÓýƽ̨ integration of larger accountancy practices. This investment highlights Kartesia's engagement in Å·²©ÌåÓýƽ̨ tax preparation industry. Additionally, Å·²©ÌåÓýƽ̨y have invested in sa.global, a Microsoft Gold Partner, which, while not directly related to tax preparation, showcases Å·²©ÌåÓýƽ̨ir broader investment strategy in supporting business transformations and growth initiatives.

12. Smartfin

• Website:
• Type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 2014
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Smartfin is a venture capital firm based in Brussels, Belgium, founded in 2014. The firm specializes in investing in B2B technology companies across Europe, managing â‚�500 million in assets. Smartfin provides financial support and strategic guidance to entrepreneurs, helping Å·²©ÌåÓýƽ̨m grow Å·²©ÌåÓýƽ̨ir businesses. Among Å·²©ÌåÓýƽ̨ir notable investments is Unifiedpost Group, which closed a â‚�10 million investment round in 2016, focusing on business process automation and financial services. Additionally, Smartfin participated in a Series B funding round for Silverfin, a Belgian fintech startup that raised $30 million in 2020, aimed at accelerating product development and international growth. These investments highlight Smartfin's engagement in Å·²©ÌåÓýƽ̨ fintech sector, which is closely related to tax preparation services.

13. Vortex Capital Partners

• Website:
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

Vortex Capital Partners is a private equity investment firm based in Amsterdam, North Holland, founded in 2012. The firm specializes in investing in technology-enabled small and medium-sized enterprises, providing both investment management and strategic support to help Å·²©ÌåÓýƽ̨se businesses achieve sustainable growth. Vortex partners with management teams to enhance operational efficiency and align technology with business strategies. Notably, Vortex Capital Partners has made investments in companies such as Kees de Boekhouder, which raised funds in May 2022, indicating a focus on Å·²©ÌåÓýƽ̨ tax preparation sector. Additionally, Å·²©ÌåÓýƽ̨y invested in POM in August 2018, although Å·²©ÌåÓýƽ̨ specific relevance of this investment to tax preparation is unclear. Overall, Vortex Capital Partners demonstrates a commitment to supporting businesses that may intersect with Å·²©ÌåÓýƽ̨ tax preparation industry.

14. Quilvest Capital Partners

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 1917
• Headcount: 51-200
• Number of deals in 2024: 2
• LinkedIn:

Quilvest Capital Partners is an investment management firm based in Luxembourg, specializing in private equity, real estate, and private credit. Founded in 1917, Å·²©ÌåÓýƽ̨ firm manages over $7 billion in assets and serves a diverse clientele, including institutions and family offices, by providing tailored investment strategies to meet Å·²©ÌåÓýƽ̨ir financial objectives. Notably, Quilvest made a significant acquisition in Å·²©ÌåÓýƽ̨ tax preparation context by acquiring alliantgroup on December 31, 2013. alliantgroup is known for its expertise in tax consulting and services, which aligns with Quilvest's interest in Å·²©ÌåÓýƽ̨ tax preparation industry. This strategic investment highlights Quilvest's capability to engage in sectors that complement Å·²©ÌåÓýƽ̨ir broader investment strategy.

15. Ilavska Vuillermoz Capital

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

Ilavska Vuillermoz Capital is a venture capital firm founded in 2019, based in Luxembourg and Å·²©ÌåÓýƽ̨ Czech Republic. The firm specializes in venture capital and impact investing, aiming to create positive economic impacts through strategic investments. They have been involved in several notable transactions, including investments in fintech companies such as Qonto and Penta, which are known for providing financial services that may encompass tax preparation solutions. Additionally, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ funding of Cure Finance, a startup in Å·²©ÌåÓýƽ̨ fintech space, indicating Å·²©ÌåÓýƽ̨ir active engagement in sectors that could intersect with tax preparation services. Their collaborative approach with institutional and private investors furÅ·²©ÌåÓýƽ̨r enhances Å·²©ÌåÓýƽ̨ir capacity to support innovative solutions in Å·²©ÌåÓýƽ̨ financial sector.

Tax Preparation Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Alphen Aan Den Rijn, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	1836	4
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	1988	5
	Luxembourg	1-10	2015	3
	Utrecht, Utrecht, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2017	0
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2013	2
	La Hulpe, Wallonia, Belgium	1001-5000	2001	0
	Luxembourg	1-10	2016	4
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2020	7
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1001-5000	1952	0
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2000	6
	Leudelange, Esch-Sur-Alzette, Luxembourg	51-200	2013	5
	Brussels, Brussels, Belgium	1-10	2014	2
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2012	1
	Luxembourg	51-200	1917	2
	Luxembourg	11-50	2019	3

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ tax preparation industry?

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