Global sales tax/VAT compliance via e-invoicing
HQ: Madrid, Spain | Founded: 2021 | Employees: 15 | Stage: Seed | Website: https://www.invopop.com
Invopop provides a single API integration for global sales tax and VAT compliance through e-invoicing. The platform handles invoice format conversion, tax calculation, e-invoicing submission to tax authorities, and compliance across multiple jurisdictions — primarily Latin America (where e-invoicing is already mandatory) and Europe (where it is becoming mandatory). Founded in 2021 by Sam Lown (CTO) and Juan Moliner (CEO). Lown was co-founder and CTO of Cabify (Spain's first tech unicorn, ride-hailing platform). He experienced the nightmare of complying with e-invoicing regulations while expanding Cabify across Latin America and couldn't find a global provider to solve it. Moliner is an industrial engineer and former BCG consultant who worked on a project in Mexico and was struck by the complexity of the e-invoicing system. YC Winter 2023 batch. Raised $2.25M from Y Combinator, Target Global, Global Founders Capital, Wayra (Telefonica), Rebel Fund, Unpopular Ventures, Life Extension Ventures, and individual investors including former Oracle CEO Maex Ament, Cabify co-founders, Cobee co-founder, and Taulia co-founder. HQ in Madrid, Spain.
Invopop benefits from exceptional founder-market fit: Sam Lown experienced the e-invoicing pain personally while expanding Cabify into LatAm. The regulatory tailwind is enormous — e-invoicing is becoming mandatory across Europe and is already standard in LatAm. Competing with Avalara and Vertex, but Invopop's API-first approach and focus on emerging mandatory e-invoicing markets (vs. US sales tax which Avalara dominates) is smart positioning. Key risk: enterprise sales to global software companies requires significant trust and compliance expertise.
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