TaxDown, a Madrid, Spain-based AI-driven digital tax platform, has secured €4 million in financing.
Investors
The financing was provided by BBVA Spark, with support from the European Investment Fund and the NextGenerationEU initiative through the InvestEU programme.
BBVA Spark is a specialized global banking division of the BBVA Group, designed to act as a comprehensive financial partner for high-growth technology companies and venture capital investors. Launched in July 2022, BBVA Spark operates in Spain, Mexico, Colombia, Argentina, and the United Kingdom.
TaxDown Use of Funds
The company will use the funding to accelerate growth, enhance AI-driven capabilities in its tax platform, and expand its engineering and technology teams.
About TaxDown
Founded in 2019 by Enrique García, Álvaro Falcones, and Joaquín Fernández, TaxDown is a fintech company specializing in AI-driven digital tax solutions designed to simplify tax filing and financial management for individuals and businesses. The company operates in Spain and Mexico, serving more than four million users and over 500 companies as a technology partner. TaxDown is also an authorized partner of the Spanish Tax Agency and a member of the Spanish Association of Tax Advisors (AEDAF).
Funding Details
Company: TaxDown
Raised: €4.0M)
Round: Unknown
Funding Date: March 2026
Lead Investor: BBVA Spark
Additional Support: European Investment Fund, NextGenerationEU initiative (via the InvestEU programme)
Company Website: https://taxdown.es/
Software Category: AI FinTech / Digital Tax Platform
Source: https://www.eu-startups.com/2026/03/madrid-based-taxdown-secures-e4-million-from-bbva-spark-to-scale-ai-driven-digital-tax-platform/