VATBox, a Herzliya, Israel-based provider of global VAT recovery solutions, completed a $20m financing round.
The round was by Target Global Fund – with participation from existing investors Viola Private Equity and other private investors.
The company, which has raised $50m in total equity funding since founding, intends to use the capital to accelerate its international expansion and the rollout of its VAT solutions.
Founded in 2013 by CEO Isaac Saft and Noam Guzman, VATBox leverages the cloud to provide businesses with visibility, compliance and data integrity to automate the VAT recovery process.
The company, which has a team of more than 100 employees in offices in London, Paris, Munich, New York and Tel Aviv, currently serves hundreds of national corporations and Fortune 500 companies around the world, including Eli Lily, Danone, 3M, Nike, Dell, Amazon, and many others.