Gleiss Lutz advised US financial investor Tiger Global on the acquisition of a stake in Taxdoo GmbH. The Series B financing round of Taxdoo GmbH was led by Tiger Global as lead investor; in addition, the existing investor Accel participated. In total, Taxdoo collected around 64 million US dollars.
Taxdoo offers a cloud-based platform for sales tax compliance that particularly aims at sellers in e-commerce. Taxdoo connects directly to the interfaces of the respective online shop in order to prepare the seller's current transaction data. For the submission of tax notifications such as advance VAT returns, Taxdoo forwards the tax-relevant data directly to tax advisors on request.
Tiger Global is a private equity and venture capital investor focusing on investments in the internet and technology sectors with over USD 60 billion in assets under management. Since 2001, Tiger Global has invested in technology firms across more than 30 countries. Gleiss Lutz regularly advises Tiger Global on its activities in Germany for many years, most recently on investments in fintech unicorn Mambu, legal tech start-up BRYTER, software company Talon.One and D2C start-up Hive Technologies, as well as on the sale of its stake in Flaschenpost.
The following Gleiss Lutz team advised Tiger Global on the transaction: Dr Ralf Morshäuser (partner, Munich), Dr Daniel Heck (counsel, Hamburg; both Lead), Dr Patrick Mossler (partner), Dr Michael Knierbein (all Hamburg), Dr Tobias Falkner (counsel, Munich), Dr Micha Christopher Pfarr (Berlin; all corporate/M&A), Dr Alexander Molle (partner), Dr Matthias Schilde (both IP/IT, Berlin), Dr. Jens Günther (partner), Dr Matthias Böglmüller, Mark Gerigk (all labour/employment, Munich), Simon Clemens Wegmann (data protection, Berlin), Dr Jacob von Andreae (partner), Aylin Hoffs, Matthias Hahn (all public commercial law, Düsseldorf), Dr Johann Wagner (partner), Dr Philip Niemann (both tax, Hamburg).