The British startup TaxScouts has completed the Series A round with around 5.5 million euros. This was reported to Cointelegraph en Español by Sebastián Olivera, Country Manager for the company in Spain.

The startup is expanding into its first market outside the UK and is building a team in Spain after Olivera’s appointment as Country Manager.

TaxScouts closes Series A with 5.5 million euros to expand into Spain and the rest of EuropeTaxScouts closes Series A with 5.5 million euros to expand into Spain and the rest of Europe

The related website EU Startups: “The latest round of investments increases the total financing to date to around 7.2 million euros. The latest $ 5.5M Series A was led by Octopus Ventures, and previous investors SpeedInvest, Seedcamp and Finch Capital also returned for the round. They were joined by Clocktower Technology Ventures, a financial technology VC from California, the first US investor in TaxScout. ”

This publication also states that because of the size of this market and the complexity of the tax system, Spain was chosen as the first market for the company. TaxScouts is expected to expand to other markets soon thereafter.

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