april has raised a $38 million Series B round led by QED
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april announces its $38 million Series B round led by QED Investors, marking a major milestone in its mission to embed tax into every financial decision.
Today we are announcing our $38M Series B, led by QED Investors, with participation from existing investors Euclidean Capital, iAngels, NYCA, Team8, Transpose, Treasury, and welcome new investors, Industry Ventures.
Nearly 4 years ago, we set out with an ambitious goal to embed tax in every financial decision by building the most connected tax software.
Approximately 150 million households and 30 million small businesses need to estimate and pay their taxes annually in the US.
When we started april, we said that tax was the forgotten child of fintech. Approximately 2 in 3 tax returns are processed by just four companies. In fact, there are only around ten companies with a national charter to calculate and process tax returns and most were built in the 1980s and 1990s.
Until april, taxes could be filed with a CPA or with an online DIY software. Taxes lived alone on an island disconnected from your finances.
American families and small businesses need a better way.
In just four years we have embedded in over 50 financial apps, built the first nationally licensed e-file tax software in over 15 years, and leveraged AI to 20x the rate at which we convert tax law to computer software.
The new frontier of taxes is that they happen for you, where you already manage your money or get paid.
Onwards!

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With client authorization, april provides wealth management firms with access to a holistic view of their clients' financial lives, pulled directly through its direct API with the IRS.

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At april, we believe tax filing and planning should live inside the financial platforms American taxpayers already use trust, creating simpler experiences for filers, and more tax-aware financial journeys year-round.

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Facet, the next-generation financial planning platform for 24,000+ members and $5B in assets, has partnered with april to embed a suite of tax prep and filing services.

