Taxfix announced a $220M series D led by Ontario Teachers' Pension Plan.

Taxfix, a Berlin, Germany-based tax management app provider, raised $220 million in Series D funding round.

The round was led by investors led by Ontario Teachers' Pension Plan, joined by existing shareholders Index Ventures, Valar Ventures, Creandum and Redalpine.

The company announced that post deal its valuation is over $1 billion.

Taxfix, founded in 2016 by Lino Teuteberg and Mathis Büchi, provides an app for users to collect and manage tax. Since its launch, the company says it helped collect over €1 billion in tax refunds from customers in Germany, Spain and Italy. It previously raised around $45 million from professional investors.