ExpressGroup raised €25 million in Series A funding led by Insight Partners and Project A Ventures.

ExpressGroup, a Hamburg, Germany-based software company operating a digital platform for tax returns, announced completing series A in an equity round closed at €25 million ($28 million).

The money was raised from investors led by Insight Partners and Project A Ventures. Post deal, Insight Partners will control around 16% of the company while Project A accounts for around 8%.

Proceeds will be used to expand internationally and launch adjacent products in more fintech verticals.

ExpressGroup, founded in 2019 by CEO Maximilian Lambsdorff, Dennis Konrad, Konstantin Loebner, Mehdi Afridi and Andreas Santoro, developed ExpressSteuer, a consumer tax platform that enables everyone to reclaim the overpaid taxes from the tax office irrespective of income, language barriers or knowledge of the tax system. The platform offers a convenient data input tool that gathers basic tax information and calculates expected tax returns. The platform connects users automatically with tax professionals such as accounting firms, tax consultants, and lawyers handling the tax declaration on their behalf.

The company says it handles currently a €45 million GMV run-rate.