# TaxGPT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/taxgpt

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.taxgpt.com
- Total disclosed funding: $4.6M
- Latest round: Seed (Feb 6, 2025)
- Investors on record: 9

## About

Based in California, the US, and founded in 2023, TaxGPT Inc. operates as a technology based financial services company offering artificial intelligence tool that provides tax filing assistance with the help of AI. In February 2025, TaxGPT Inc. raised USD 4.6 million in seed funding from investors Rebel Fund, Mangusta Capital, Y Combinator, Launch, iSeed Ventures, Converge Venture Partners, TRAC AI/VC, Goodwater Capital, Crv. The firm as of January 2025, is led by its co-founders and CEO Kashif Ali and Isabella Maceda-Ali.

TaxGPT Inc. offers an AI-powered tax assistant designed to streamline tax-related tasks for tax professionals, businesses, and individuals. The company's core product utilizes a proprietary AI model trained on millions of documents, tax laws, and CPA-verified sources to provide accurate and timely answers to complex tax questions. Key functionalities include drafting tax memos, analyzing over 1,000 tax forms, and offering tailored responses to users' unique tax situations. This tool aims to significantly reduce tax research time—by up to 99%—and enhance productivity for its users. The customer base spans over 30,000 professionals, including CPAs, tax specialists, and businesses across the US.

TaxGPT Inc. generates revenue primarily through subscription-based services tailored for tax firms, businesses, and individual users. Clients subscribe to service plans providing access to the AI tax assistant, which includes features such as document management and client communication tools. 

The company plans to utilize the February 2025 funding to accelerate product development, support sales and marketing efforts, and expand its work force.

## Funding rounds

- Seed, Feb 6, 2025, $4.6M — CRV, Converge Venture Partners, Y Combinator, LAUNCH, Goodwater Capital, iSeed Ventures, Rebel Fund, TRAC, Mangusta Capital

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed
- Converge Venture Partners (https://capitalatlas.ai/funds/converge-venture-partners) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- LAUNCH (https://capitalatlas.ai/funds/launch) — Seed
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- iSeed Ventures (https://capitalatlas.ai/funds/iseed-ventures) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- TRAC (https://capitalatlas.ai/funds/trac) — Seed
- Mangusta Capital (https://capitalatlas.ai/funds/mangusta-capital) — Seed