Loctax provides a collaborative platform that functions as an operational Tax Control Framework, centralizing processes for in-house tax teams, local finance teams, and external advisors. Companies define processes and workflows so all contributors can use Loctax as a single source of truth for tax data. The platform offers real-time dashboards that give Heads of Tax continuous visibility into tax risks and responsibilities rather than quarterly snapshots. Loctax targets multinationals operating in 15–40 countries and its customers include Wise, On Running, Essilor, Luxottica, Mohawk Industries and PedidosYa. The product aims to replace fragmented, spreadsheet- and ERP-based workflows that lead to errors and increase the risk of regulatory incidents amid evolving international rules such as the OECD minimum tax and forthcoming EU country-by-country reporting. Founded in 2020, Loctax recently closed funding to support its growth as tax reporting and regulatory requirements intensify. Loc.tax is building a tax operating system for multinational companies that centralizes up-to-date company data, international tax rules, visual analysis, and team collaboration tools. The platform is designed to keep tax work in-house and transparent so internal teams and executives can make better tax decisions together. The company was founded by a team from Belgium and Lithuania and is headquartered in London; the four founders are based in Leuven and Amsterdam. Loc.tax operates as a remote-first startup and welcomes new hires from anywhere. The startup announced a $3.6 million seed round led by Cavalry Ventures with backing from Seedcamp, Mustard Seed Maze, Amaranthine and European angel investors. The fresh funding will be used to expand the development team.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2022