[Funding alert] Netherlands-based Keeyns Secures €10Million in Funding

Monday 1, 2024 | By Startup Rise EU

  • Netherlands startup KEEYNS Secures €10M investment to fuel rapid expansion.
  • With this funding, Keeyns will develop specialized tax engines for different tax areas. These engines will automate tax preparations and tax reporting, making it easier and more efficient.
Den Bosch-based Keeyns has successfully secures €10million in funding, setting the stage for its ambitious expansion into Europe and the United States.

Den Bosch-based Keeyns has successfully secures €10million in funding, setting the stage for its ambitious expansion into Europe and the United States.

Read also - Italy-based Sense4Med Secures €510k in Funding

As a plug-and-play collaboration platform, Keeyns revolutionizes how tax teams interact with internal and external stakeholders. It enables customers to set up a centralized tax data warehouse, tailor workflows to their specific needs, ensuring deadlines for tax filings and payments are met effortlessly around the globe.

Ruben van Aarle, CEO of Keeyns said, “This funding is a strong endorsement of our mission and the dedication of our team. It sets the stage for our continued success in the Netherlands and paves the way for introducing our innovative tax collaboration platform to Europe and the United States,”.

With this investment, it will develop specialized tax engines for different tax areas. These engines will automate tax preparations and tax reporting, making it easier and more efficient. Additionally, it will be expanding their tax tech stack, looking into more areas for digital enhancement.

Van Aarle adds, “Our goal is to progressively blend artificial intelligence into the platform. This leap forward will fuse business operations with being in control and compliant while making tax planning more seamlessly, enabling decision-makers to act more swiftly, economically, and with greater confidence by exploring different scenarios.”

In this funding round, Keeyns proudly announces support from Alea Capital Partners, an esteemed private equity investor in Portugal and Mountainview Capital Partners, a Dutch investment firm run by seasoned entrepreneurs.

Selecting Portugal as a second location was a strategic decision, influenced by the nation’s supportive stance on R&D and competitive human capital. Portuguese technology universities are pivotal to the development of the platform, enhancing the efforts of the company with their expertise and facilitating nearshoring benefits.

Read also - Germany-based moveXM Acquired Feeddex BV and 5-Star Specialist BV

While Keeyns was already set on leveraging these advantages, the participation of Alea Capital Partners has significantly accelerated these plans.

Mark van der Biezen, Partner at Mountainview Capital Partners adds: “We have known the founders and management team for several years now and are impressed with the product they have built with their team. Keeyns is a leading software company that has shown impressive growth in recent years, with ample growth opportunities due to the ever-increasing complexity of taxation. Whereas some products are nice to have, we have seen that tax professionals all around the world regard Keeyns’ solution as a must have. We are therefore exited to be partnering with the entrepreneurial team at Keeyns in their next phase of growth.”

Rui Escaleira, Founding Partner at Alea Capital Partners: “We are very excited and confident with our investment in Keeyns. A perfect fit to our venture capital strategy, Keeyns addresses a huge market need with a solid technology and has proved a very strong product market fit by serving multiple renowned international clients. Keeyns founders have a unique understanding of the tax and compliance challenges faced by multinationals and have been able to attract top senior executives to the management team to lead the growth efforts of the Company. We strongly believe Alea can bring significant value supporting the scale up of Keeyns, while helping create the conditions for a more efficient use of capital and access to non-dilutive funding, in Portugal”.

About Keeyns

Founded in the Netherlands in 2017 by former tax partners, Keeyns is revolutionizing the way tax divisions operate. It’s their mission to make tax processes smarter and more enjoyable, ensuring full control and compliance worldwide.

Over seven years, the tax tech company developed an intuitive solution that allows customers to collaborate seamlessly on one platform, while securing the segregation of duties and tasks.

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