Limetax Secures €36 Million in Funding to Develop Agentic Tax Platform
German technology company Limetax has raised $41.9 million (€36 million) in funding for the development of its agentic platform aimed at transforming accounting and tax practices. The capital includes a €6 million pre-seed equity round led by Motive Partners, with additional support from Activant and Heliad, as well as angel investors like former German Finance Minister Christian Lindner. A separate €30 million facility for acquisitions was provided by a consortium of German lenders. Limetax plans to use the funds to advance its AI-driven platform integrated into DATEV software widely used in Germany’s tax sector and expand partnerships with local accounting firms. The company, founded earlier this year, operates across seven locations with around 150 employees. Its technology aims to streamline administrative tasks such as bookkeeping and payroll while enabling human professionals to focus on complex advisory work. The investment highlights growing interest in AI applications within professional services sectors where demand outpaces capacity. Limetax’s approach is seen as a potential catalyst for redefining traditional tax and accounting practices through embedded technological solutions.
Topics: Accounting Software AI Startups Tax Technology Venture Capital