Dutch-based Keeyns secures €10M to expand its tax collaboration platform  | Silicon Canals

Den Bosch, the Netherlands-based Keeyns, the tax tech company, announced on Monday, March 25, that it has secured €10M in a fresh funding round from Alea Capital Partners and Mountainview Capital Partners.

With this capital injection, Keeyns plans to develop specialised tax engines across various tax domains. These engines will automate tax preparations and reporting, enhancing efficiency and ease of use. 

Additionally, Keeyns will expand its tax tech stack and explore more areas for digital enhancement. Furthermore, the Dutch company is preparing to roll out its tax collaboration platform in other European countries, including Portugal and the USA.

Keeyns says selecting Portugal as a second location was a strategic decision influenced by the nation’s supportive stance on R&D and competitive human capital.

“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,” says Ruben van Aarle, CEO of Keeyns.

Keeyns: Making tax work more enjoyable

Keeyns was founded in 2017 by former experienced international tax partners and in-house tax directors — Ruben Van Aarle and Ramon Van Aarle, who felt firsthand pain of uncontrolled tax processes and decentralised tax data storage. 

With KEEYNS, the duo wanted to transform tax divisions’ work and build a future where people “work smarter and more enjoyable.” 

Through its plug-and-play collaboration platform, the company enables customers to set up a centralised tax data warehouse and customise workflows to meet tax deadlines for over 150 countries. 

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.”

The investor

Mountainview Capital Partners is an independent Dutch investment firm founded in 2021 by former entrepreneurs. The current portfolio consists of significant minority stakes in 7 companies with a combined sales level of €750M and 1.200 employees.

Mark van der Biezen, Partner at Mountainview Capital Partners, adds, “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 excited to be partnering with the entrepreneurial team at Keeyns in their next phase of growth.”

Alea Capital Partners is a multi-strategy Alternative Assets Investment Management Firm.

Alea is deploying three investment strategies: alternative living solutions, transformational private equity, and venture capital. 

Alea Capital focuses on investing in European and US B2B SaaS companies that provide AI-based solutions for complex business problems.

Rui Escaleira, Founding Partner at Alea Capital Partners, says, “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”.