Millions have been raised to simplify the workflow of tax returns.
Founded in 2024, Filed is an accounting software company that utilizes artificial intelligence (AI) to prepare tax returns in minutes rather than hours, according to its website. Its inception was inspired by real-time observations of accounting firms, including those in India, which revealed that their challenges stemmed not from a lack of tools but from labor shortages. This is where AI comes into play.
“Filed automates the most time-consuming parts of tax prep. It organizes documents, validates returns, and flags anomalies based on the logic your team already uses. It integrates directly with CCH Axcess, UltraTax, Lacerte, Drake, and other major tax software,” a post shared by the company read.
So far, Filed has proven to be a success. Tens of thousands of tax returns were processed using Filed in the Q1 2025 tax season with firms sharing hopeful testimonials, as seen on the company website. One includes Josh Knapp, managing partner at KBS Financial, who said, “Filed is helping us process thousands of returns this year—10 to 15 at a time—with a small team.”
Filed Co-Founder Leroy Kerry took to LinkedIn and shared additional statistics commenting:
“Tax firms are drowning in paperwork while their best talent walks out the door. This isn’t just a talent gap–it’s a slow-moving collapse,” he wrote on LinkedIn. “A select group of ambitious firms went all in with us this past season. They processed tens of thousands of returns with Filed. Some saw a 3x jump in output. Others cut turnaround time from a week to overnight. Their teams started asking for more returns. They weren’t just surviving tax season anymore. And that’s when we knew we were onto something.”
The post also announced that Filed — launched alongside Chief Technology Officer Atul Ramachandran, per TechCrunch — raised $17.2 million in a round led by venture firm Northzone. Other investors included Neo, The Raine Group, Day One Ventures, J Ventures, Greens Ventures, and angel investors.
Kerry continued: “We’re ready for the next chapter. We’re looking for the most ambitious firms in the country to help us forge a new path.”
