Claude brings venture capital and operational experience, having co-founded Cavalry Ventures and Delivery Hero Holding. He currently serves as co-founder and managing partner at NAP.
Dominik is a partner at Cavalry Ventures and holds roles including co-founder at NAP, founder at MMH Gruppe, and professor at XU Exponential University of Applied Sciences. He brings board experience from MSQ alongside founding and investing work at u25 ventures.
The Series A round was led by Index Ventures with participation from Cavalry Ventures and Seedcamp.
"Companies are under more pressure than ever to meet growing tax reporting and regulatory requirements as well as the expectations of stakeholders to show they are doing the right thing. Currently there’s no shared concept in how companies and regulators talk about tax, and no straightforward way for tax teams to be confident that they’re meeting all their obligations."
The pre-seed round was co-led by Cavalry Ventures and Playfair Capital.
"Even prior to the pandemic, restaurants have faced a hugely challenging trading environment. The industry has low barriers to entry, meaning it’s super competitive and tough to differentiate. It’s also a labour intensive business with operating costs rising on multiple fronts, from ingredients to delivery aggregators. It leaves little room for error. While the last 12 months have been devastating for the industry, it has also clearly highlighted the need for an evolution in the way of working. Restaurants of all shapes and sizes need to get more from every dollar spent,"
The seed round was led by Cavalry Ventures with participation from Seedcamp, Mustard Seed Maze, and Amaranthine.
"Most fast-scaling companies turn to the Big Four accounting firms to outsource the handling of accelerating international tax complexity, denying themselves the opportunity to empower their internal functions and capture strategic tax data value. Loc.tax provides a collaborative platform that makes tax teams in hyper-growth mode stay on top of the ever-changing international tax, risk and compliance workloads, while enabling transparency with internal and externalstakeholders, including auditors and tax authorities. We are delighted to have the support of well-respected investors on our mission."
The funding round was led by signals Venture Capital with participation from Talis Capital, Mutschler Ventures, IBB Beteiligungsgesellschaft, and Cavalry Ventures.
"It will allow us to streamline high-quality care at scale and take even more work off the hospitals’ and specialists’ shoulders. Our technology helps them to operate more efficiently, be better-utilised and fully focused on what matters most: the best care for patients."
