Norwegian software group Visma, which had a turnover of more than €2 billion last year, has become the majority shareholder in Spanish startup Declarando, which runs a digital platform offering tax advice and services for the self-employed. In this regard, Visma has announced the purchase of a majority stake in the Castellón-based company.
According to market sources, after this transaction, the company will continue to operate as an independent entity following the transaction. The Castellón startup had already raised €2.7 million from investors such as Sabadell Venture Capital, Bankinter, Encomenda VC and JME Ventures, the investment vehicle linked to the chairman of Acciona. According to the Norwegian firm, which has not disclosed the amount of the purchase, these investors will remain partners in the startup.
Declarando is a platform that combines technology and an expert team of tax lawyers. It was initially designed for freelancers and with the aim of simplifying invoicing, accounting, tax and financial control for these professionals and small business owners who have little time and expertise for all the paperwork.
Zurbarán Abogados has assisted JME Ventures, one of the investors, with a team led by partner Ricardo Torres.
On this deal, Youandlaw advised Bankinter, who became a shareholder after the €2.7m funding round, with partner Pablo Casado.