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Saturday, September 25, 2021

Tax Compliance Firm Blue Dot Secures $32M in Funding

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Tax compliance solution provider Blue Dot has secured $32 million in a Series C funding round, the Israel-based startup announced. Led by Ibex Investors in partnership with Lutetia Technology Partners, the funding will support Blue Dot’s expansion into North America and Europe. Blue Dot cited the recent growth in tax and corporate expense compliance activities among corporations. Originally named VATBox, the startup launched in 2013 and focused on providing value-added tax and goods and services tax recovery through its AI-driven platform. Since then, it has expanded to cover other tax-compliance matters, including employee benefit taxation and corporate income tax expense deductibility, and became SAP Concur’s exclusive tax compliance solution provider for corporate clients. Blue Dot has offices in London, Paris, Munich, New York and Tel Aviv. 

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