# SPRX Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sprx-technologies

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.sprx.tax
- Total disclosed funding: $12M
- Latest round: Series A (Aug 10, 2024)
- Investors on record: 5

## About

Based in Delaware, US, and co-founded by Dominic Vitucci (CEO) and Mark Andrus in 2020, SPRX Technologies, Inc. operates as a software development company offering corporate Research and Development (R&D) tax credit solutions. Some of the firm’s clients are Square, Alcora Corporation, Bio Capital, Rebate, ADP, etc. In April 2023, the firm raised its pre-seed funding led by investors Y Combinator and Decacorn Capital.

The company through its SaaS platform, called MARC, simplifies, expedites, and streamlines the process of claiming R&D tax credits. MARC utilizes artificial intelligence (AI) software to automatically compute R&D credits. through MARC, users can gather data in native format and upload it to the platform, the platform then extracts and structures data aligned with &D credit, predicts qualified activities, drafts analysis, as well as evaluate supporting documents, compute federal and state credit, and prepare tax forms, reports, and supporting schedules.  The platform enables businesses to receive their credits in less than 10 days, making it faster and more convenient compared to traditional methods. SPRX caters to a wide range of users, from individual taxpayers to large corporations. The company’s platform also offers its clients dedicated solution engineers, audit support, and a simple interface to navigate through the credit computation process.

## Funding rounds

- Series A, Aug 10, 2024, $12M — Y Combinator, Vertex Ventures, Restive Ventures, Rebel Fund, ADP Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series A
- Restive Ventures (https://capitalatlas.ai/funds/restive-ventures) — Series A
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Series A
- ADP Ventures (https://capitalatlas.ai/funds/adp-ventures) — Series A