Staxxer, the scale-up based in Groningen and Nijmegen, has raised over one million euros in an investment round. The company develops software to allow e-commerce entrepreneurs to grow borderless. They do this by automating VAT obligations within Europe.
"With Staxxer we want to refresh and automate the dusty image of VAT administration. After all, the hourly billing era within this sector can be different. After all, software is not only more accurate in calculating VAT obligations, but automation also makes it more affordable and easier for the customer." - Ties den Dekker, CEO Staxxer.
Purpose of investment
With the investment, Staxxer will further develop their technology and expand internationally. This means that new marketplaces and webshops will be added to the software, Staxcloud, so that every e-commerce entrepreneur can use it. Useful financial tools will also be developed to gain more insight into sales through these channels. In addition, there will be close cooperation with existing accounting packages to connect with the total administration.
The company has its roots in the e-commerce world. As e-commerce entrepreneurs, founders Peter van de Rijdt and Ties den Dekker experienced how complex European VAT legislation is. This can hinder the international growth ambitions of entrepreneurs. Too bad, because the opportunities are there. Together with Jurgen Nijland, they joined forces to offer an automated VAT solution to the e-commerce industry. The goal? To have online sellers never again spend precious time and effort on their VAT affairs.
Since Staxxer was founded in January 2021, the company has grown rapidly. Within one year, the number of customers increased from 50 to around 400, a 700% growth. Since then, they have been helping e-commerce parties of all sizes automate their VAT compliance across Europe. Including Happy Soaps and The Good Roll: "Staxxer was the only party that perfectly matched our international growth ambitions and solving European One Stop Shop VAT administration." Says Melle Schellekens, Founder of The Good Roll.
NOM, G-Force and angels join hands
The investors are the Investment and Development Company for the Northern Netherlands (NOM), G-Force Capital, Demian Beenakker (CEO Dwarfs) and Martijn Leenaerts (CFO Whoppah). The money will be used to further develop the software and to internationalize. With an expansion into Denmark as a kick-off.
"Staxxer offers e-commerce companies a platform for insight into all their VAT-related issues. There is a great need from the market here, as VAT is a complex subject. With the insight and automation Staxxer offers, NOM and G-Force Capital see potential for rapid growth and international scale-up. Staxxer offers a valuable product and has a fantastic team. We are very pleased with this cooperation " - Chantal Leijendekker (NOM) & Niek Huizenga (Fund Manager G-Force Capital).
In this e-book you will learn:
- What is a convertible loan
- What to watch out for with a convertible loan
- The pros and cons of a convertible loan
Please note that this whitepaper is only available in Dutch at the moment. We are in the process of translating this whitepaper.