Blue dot, formerly known as VATBox, makers of the leading AI-driven, cloud-based tax compliance platform, today announced that the company successfully closed a $32 million funding round led by Ibex Investors in partnership with Lutetia Technology Partners. Previous investors Lamaison Partners, Viola and Target Global also participated in the round. The funding enables Blue dot to deliver its groundbreaking solutions to more North American and European customers as demand rises for digital tax compliance solutions.

Founded in 2013, Blue dot is a market pioneer, having developed the first technology-based and dynamically-updated financial platform for employee-driven transactions in the market. The all-in-one Blue dot Tax Compliance Platform harnesses digitization, tax compliance and automation to process and analyze a company's employee spend data for VAT, Taxable Employee Benefits and Corporate Income Tax, in real-time. As a privately-held company, Blue dot's technological breakthrough has raised more than USD $50M in private equity funding and attracted a large portfolio of Fortune 500 clients. Blue dot is fully dedicated to providing its clients with value, not only in terms of process savings and extra income, but especially in the peace of mind that comes from full compliance.