mika raises €6M Seed to make AI the tax adviser for Germany's small limited companies

mika (Berlin) has raised €6 million in a Seed round led by Smedvig Ventures, with participation from Wecken & Cie. / Care4 AG (a Basel-based family office), Keen Venture Partners, Dutch Founders Fund (both follow-on investors), and angels including Dennis Bemmann and Michael Brehm (co-founders of studiVZ), Johannes Ditterich (limango founder), and Martina Pfeifer (encourageventures). Founded in 2022, the company is led by Agnieszka Walorska (CEO), Luke Linnekuhle (CFO), and Henry Müssemann (CTO).

mika is an AI-native accounting and tax filing platform built exclusively for German small limited companies — GmbHs and UGs. It handles ongoing bookkeeping, VAT returns, annual accounts, and tax filings in one system. The company crossed €1M ARR in July 2026 and now serves 750+ companies.

The German-market problem

International accounting software has not conquered Germany for a structural reason. In most European markets, bookkeeping and tax are modular: a business can use one tool for accounting, another for payroll, and file taxes separately. In Germany, the two are tightly coupled — the general ledger feeds the VAT filings, the annual accounts feed the corporate tax return, and the trade tax calculation requires specific adjustments that general-purpose tools handle inconsistently or not at all. A wrong entry in October can produce a wrong tax bill in the following May.

This is why DATEV — the software cooperative owned by Germany's tax advisers — has remained dominant despite being expensive and designed for accountants, not founders. And it's why Smedvig's Freddie Kalfayan frames the market the way he does: "Nowhere else in Europe is accounting and tax as demanding or costly for small businesses as in Germany, where the two are so tightly linked that a single mistake carries straight through to the tax bill."

What the Seed must prove

mika's argument is that AI can handle the German complexity — not by wrapping DATEV, but by rebuilding the compliance stack from scratch for small limited companies. The initial market is GmbHs and UGs: over 1.5 million of them in Germany, with 80,000+ new ones registered annually. Most currently pay a Steuerberater several hundred euros per month for work that mika's platform handles continuously.

The €6 million will support platform growth and further product development. The 18-month test is whether the platform can handle the edge cases that separate the routine from the genuinely difficult: restructuring events, years with operating losses, sector-specific depreciation rules, and the handshake between the company's books and the tax adviser who must still formally sign the return. Until that handshake is resolved, mika saves time rather than replacing the adviser entirely. That distinction matters for both the product roadmap and the pricing model.