The tax preparation industry in the US revolves around helping individuals and businesses manage their tax obligations efficiently. It includes a mix of traditional accounting firms, online tax software companies, and financial advisory firms offering comprehensive solutions. With the rise of technology, many providers focus on automating processes and increasing accessibility for clients. Key players now integrate AI and data analytics to simplify tax filing. Furthermore, the growing need for sophisticated financial services and compliance support drives the industry's evolution, making it a pivotal sector in the financial services landscape.


In the realm of tax preparation, investors play crucial roles in shaping innovations and expanding existing firms. This list includes a variety of investor types such as venture capital and corporate investors, underscoring the increasing interest in this sector. Predominantly situated in innovative hubs like San Francisco and New York, these firms range in size from small teams to large enterprises. Founded between 1931 and 2015, they collectively executed 44 to 802 deals in 2024. Each has made significant contributions, strengthening the connection between finance and technology in the tax preparation space.


Top 13 Tax Preparation Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that includes resources like the Startup School and co-founder matching services. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Among its notable investments is ClearTax, an online platform for filing income tax returns in India, which received funding from Y Combinator in 2014. This investment highlights Y Combinator's involvement in the tax preparation sector. Additionally, Y Combinator has invested in other companies like Keeper and Tributi, which may also have relevance in the financial services space, although they are not exclusively focused on tax preparation.


2. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. In their investment portfolio, they have participated in several relevant transactions, including Taxo, which raised funds in a Pre-Seed round in December 2022, indicating a direct interest in tax-related services. Additionally, they invested in inDinero, a service aimed at small businesses that encompasses financial management, which is closely related to tax preparation. These investments highlight 500 Global's engagement in the financial technology space, particularly in areas that intersect with tax preparation.


3. Liquid 2 Ventures

  • Website: liquid2.vc
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 91
  • LinkedIn: liquid-2-ventures

Liquid 2 Ventures is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in technology startups at the pre-seed and seed stages, as well as growth-stage companies. They provide capital, mentorship, and access to a vast network of industry insiders to help founders navigate their entrepreneurial journeys. Notably, Liquid 2 Ventures has invested in companies like ContaLink, a Mexican fintech that raised $2.1 million to automate the work of accounting professionals, and Fondo, which focuses on product development in the financial sector. These investments highlight their engagement in the tax preparation and accounting technology space, showcasing their commitment to supporting exceptional founders in building lasting companies within this industry.


4. Mariner


Mariner Wealth Advisors is a financial advisory firm founded in 2006, based in Overland Park, Kansas. The firm specializes in wealth planning, investment management, tax planning, estate planning, and trust services, catering primarily to high-net-worth individuals, families, and businesses. In 2024, Mariner has been actively expanding its portfolio, having made five investments, including the acquisition of Cassady Schiller CPAs & Advisors on January 14, 2025. This acquisition is particularly significant as it enhances Mariner's tax preparation and advisory capabilities. Additionally, Mariner has acquired other financial services firms such as AndCo and Savant Investment Group, further solidifying its position in the financial advisory landscape. These strategic acquisitions reflect Mariner's commitment to providing comprehensive financial services, including tax planning, to its clients.


5. FJ Labs

  • Website: fjlabs.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 169
  • LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. With a portfolio of over 1,000 companies, many achieving unicorn status, FJ Labs provides capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. Notably, FJ Labs has invested in companies relevant to tax preparation, such as ZenLedger, which serves as the IRS's crypto tax partner, and Earnr, a UK-based tax and finance app for self-employed individuals. These investments highlight FJ Labs' engagement in the tax preparation sector, alongside their broader investment strategy.


6. Soma Capital

  • Website: somacap.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 41
  • LinkedIn: soma-capital

Soma Capital is a venture capital firm based in San Francisco, California, founded in 2015. The firm specializes in investing in early-stage startups across diverse sectors, including technology and finance. With a portfolio that boasts over 20 unicorns, Soma Capital is dedicated to empowering exceptional entrepreneurs and teams to develop innovative solutions. Among their notable transactions, they have invested in Heru, an AI-based tax platform that raised $6 million in seed funding, and Contalink, a Mexican fintech company that raised $2.1 million to automate accounting processes. These investments highlight Soma Capital's engagement in the tax preparation industry, alongside their broader investment strategy.


7. SV Angel

  • Website: svangel.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2009
  • Headcount: 1-10
  • Number of deals in 2024: 44
  • LinkedIn: sv-angel

SV Angel is a venture capital firm based in San Francisco, California, founded in 2009. The firm specializes in investing in early-stage and growth-stage technology companies, providing not only financial backing but also strategic advice and access to a vast network of industry experts. Among their notable transactions, SV Angel has invested in Neo.Tax, a company that aims to facilitate access to R&D tax credits, highlighting their engagement in the tax preparation industry. Additionally, they have participated in funding rounds for Pilot, which offers bookkeeping services, and MainStreet, which helps businesses claim tax credits. These investments reflect SV Angel's commitment to fostering innovation in the financial services and tax preparation sectors, aligning with their mission to support startups in navigating business challenges.


8. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities primarily in the technology sector. In 2023, they invested in InsureTax, a startup focused on tax services, which highlights their engagement in the tax preparation industry. Other notable transactions include Kintsugi AI and Everlance, showcasing their diverse portfolio. Their model emphasizes facilitating partnerships and providing resources to enhance business development, making them a versatile player in the venture capital landscape.


9. Baker Tilly US


Baker Tilly US is a prominent consulting and accounting firm founded in 1931, headquartered in Chicago, Illinois. With a workforce of 5,001 to 10,000 employees, they offer a comprehensive suite of professional services, including assurance, tax, and advisory solutions. Baker Tilly serves various industries, such as construction, healthcare, and financial services, helping clients navigate complex challenges and optimize their operations. Recently, they have made significant strides in the tax preparation sector by acquiring firms like Invoke Tax Partners and Hancock Askew & Co. LLP, which enhance their tax service offerings and geographic presence. Additionally, their acquisition of Moss Adams for $7 billion further solidifies their position in the market, indicating a strong commitment to expanding their tax preparation capabilities.


10. Insight Partners

  • Website: insightpartners.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1995
  • Headcount: 201-500
  • Number of deals in 2024: 64
  • LinkedIn: insight--partners

Insight Partners is a venture capital firm based in New York, founded in 1995, specializing in providing investment and advisory services to high-growth technology and software companies. With over $75 billion in assets under management, the firm supports its portfolio companies through capital investment and operational expertise, helping them scale effectively in competitive markets. Notably, Insight Partners has invested in several companies within the tax preparation space, including CrossBorder Solutions, which focuses on AI-based tax expertise, and TaxJar, a tax automation software for e-commerce businesses. Additionally, they have invested in TaxBit, which raised $130 million in Series B funding, and Exactera, a provider of tax compliance solutions that raised $33 million. These investments highlight Insight Partners' commitment to advancing technology in the tax preparation industry.


11. Allworth Financial

  • Website: allworthfinancial.com
  • Type: Corporate
  • Headquarters: Folsom, California, United States (USA)
  • Founded year: 1993
  • Headcount: 201-500
  • Number of deals in 2024: 5
  • LinkedIn: allworth

Allworth Financial is a corporate financial advisory firm based in Folsom, California, founded in 1993. The firm specializes in a comprehensive range of services, including retirement planning, investment management, CPA and tax services, and estate planning. With a client-first approach, Allworth Financial tailors its services to meet the unique needs of individuals and families seeking expert guidance in managing their financial futures. In recent years, Allworth has significantly expanded its footprint through strategic acquisitions, including Muchler Financial Services, City Fiduciary Group, McDaniel Knutson Financial Partners, and The Harvest Group. These acquisitions not only enhance their service offerings but also strengthen their capabilities in providing tax preparation and advisory services, making them a notable player in the tax preparation industry.


12. Gaingels

  • Website: gaingels.com
  • Type: Venture Capital
  • Headquarters: Burlington, Vermont, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 60
  • LinkedIn: gaingels

Gaingels is a venture capital firm founded in 2015, based in Burlington, Vermont, dedicated to investing in companies with diverse leadership. The firm provides capital and support to startups, particularly those led by underrepresented groups, to foster diversity and inclusion in the innovation economy. Gaingels has been actively involved in the tax preparation sector, with notable investments including TaxGPT, which raised funds in October 2023, and ModernTax, which secured investment in June 2021. These transactions highlight Gaingels' engagement in the fintech and tax preparation space, demonstrating their commitment to supporting innovative solutions in this industry. Additionally, Gaingels offers scholarship programs and advisory services to enhance board diversity, further emphasizing their mission to promote inclusivity in the startup ecosystem.


13. Accel

  • Website: accel.com
  • Type: Venture Capital
  • Headquarters: Palo Alto, California, United States (USA)
  • Founded year: 1983
  • Headcount: 51-200
  • Number of deals in 2024: 101
  • LinkedIn: accel-vc

Accel is a venture capital firm founded in 1983, based in Palo Alto, California, specializing in investing in startups and early-stage companies primarily in the technology sector. With a global presence that includes offices in San Francisco, London, India, and China, Accel has a strong track record of supporting innovative companies. Among their notable investments in the tax preparation context are FlyFin AI, which raised $8 million to disrupt the $23 billion individual tax preparation market, and Taxdoo, which raised over $64 million across two funding rounds to enhance its tax compliance solutions. Additionally, Accel invested in CoinTracker, which, while primarily focused on cryptocurrency tax solutions, also intersects with the broader tax preparation industry. These investments highlight Accel's commitment to fostering growth in the tax preparation sector.



Tax Preparation Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
500 GlobalSan Francisco, California, United States (USA)201-500201098
Liquid 2 VenturesSan Francisco, California, United States (USA)1-10201591
MarinerOverland Park, Kansas, United States (USA)1001-500020065
FJ LabsNew York, New York, United States (USA)11-502015169
Soma CapitalSan Francisco, California, United States (USA)11-50201541
SV AngelSan Francisco, California, United States (USA)1-10200944
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
Baker Tilly USChicago, Illinois, United States (USA)5001-1000019312
Insight PartnersNew York, New York, United States (USA)201-500199564
Allworth FinancialFolsom, California, United States (USA)201-50019935
GaingelsBurlington, Vermont, United States (USA)11-50201560
AccelPalo Alto, California, United States (USA)51-2001983101


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