Skalar raises 12 million euros for AI-powered tax and accounting
German fintech startup Skalar, founded by an entrepreneur with a prior successful exit to Klarna, has secured €12 million in funding. The capital will be used to modernize tax and accounting processes using artificial intelligence.
Munich-based AI fintech startup Skalar has raised €12 million in combined pre-seed and seed funding. The round was led by Northzone, with participation from former Klarna employees, GGV Capital, Speedinvest, and Cherry Ventures.
The company was founded by Maximilian Stark, who previously co-founded a startup acquired by Klarna for €110 million. Skalar aims to leverage AI to overhaul the traditionally complex tax and accounting sector.
"We are building a new approach to an old problem," Stark said. "Our goal is to provide a more integrated and efficient experience for tax management."
Skalar intends to use the funds to accelerate product development, expand its team, and prepare for international expansion. The company currently employs 11 people and seeks to increase its presence across European markets.