“Can an AI-first workflow platform grounded in authoritative IBFD tax content become the operating system for in-house tax teams at multinationals?”
Loctax was founded in 2020 by four Belgian founders as a collaborative operating system for in-house tax teams at multinationals — replacing spreadsheets and email chains used to coordinate tax obligations across 15-40 countries. After a $12M Series A led by Index Ventures in 2021, the company deepened its content moat via a deep IBFD integration (2024) and pivoted the product from a workflow tool into an AI-first 'Global Tax Intelligence Platform' with an AI Assistant grounded in IBFD content across 220+ jurisdictions. In 2025 Loctax was acquired by Tax Systems to combine its AI control centre with Tax Systems' compliance engines (Pillar 2, transfer pricing, corporate tax, VAT).
Loctax integrates with Microsoft Excel, Microsoft Word, Microsoft PowerPoint and IBFD.
Loctax was founded by Stevi Frooninckx, Bart Van Remortele, Kasparas and Hans Kayaert and is founded in 2020, headquartered in London, United Kingdom (with office in Ghent, Belgium).
Loctax has raised $15.6M in total (latest round: Series A, 2021).
Get a read on where your own stack stands against Loctax and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.