Taxd secures pre-seed investment from QVentures to scale its automated tax compliance platform.
QVentures backed the consumer fintech platform to accelerate its go-to-market strategy and expand functionality.
Taxd is a consumer fintech platform that simplifies self-assessment tax returns for individuals and businesses. The platform helps clients fill out and submit tax forms with efficiency.
Taxd has secured a pre-seed investment from QVentures to accelerate its go-to-market strategy and expand its automated tax compliance platform. The funding will support the company as it scales its operations to meet rising demand from sole traders and landlords facing increasingly complex UK tax legislation. Founded by a team with deep tax and engineering backgrounds, Taxd aims to cover all UK tax cases while undercutting traditional high street accounting fees.
QVentures backed the business through its Pre-Seed Fund, highlighting the founding team's technical expertise and the platform's market potential. The partnership will help Taxd develop new features and drive greater automation across personal, freelance, and business tax filings.
From the founder
"The investment by QVentures into Taxd means we are able to go to market in a more meaningful way and at an increased pace to help impact the millions of people across the UK who struggle with understanding tax compliance."
Arjun Kumar
Co-Founder at Taxd
Investor perspective
"Taxd are making the tax returns process intuitive, informative, and cost-effective for customers. With fantastic products already live and a great pipeline of additional functionality to come, we’re proud to be supporting the Taxd team in their vision and look forward to working further together."
Robert Walsh
Managing Partner, QVentures
Use of funds
- 01Accelerate go-to-market
- 02Continue product development
