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TaxScouts raises ?5M Series A to expand to Europe, first stop Spain

TaxScouts, the U.K. tax preparation startup founded by TransferWise and MarketInvoice alumni, has raised ?5 million in Series A funding for European expansion.
Leading the round is Octopus Ventures, with previous investors SpeedInvest, Seedcamp and Finch Capital, following on. Also participating is Clocktower Technology Ventures, the U.S. venture capital firm specialising in financial technology.
Aiming to build a “pan-European” tax filing service, first stop outside the U.K. is Spain, with TaxScouts having already appointed a Madrid-based country manager. It says it has chosen Spain based on the size of the market and the complexity of the local tax system, and will expand to further European markets in the near future.
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