Last Updated: 23 July 2025
april, the AI-driven tax platform, has secured $38 million in Series B funding led by QED Investors, with notable participation from Nyca Partners and Team8. This latest round raises the company’s total funding to $78 million, reflecting strong investor confidence.
The fresh investment follows significant achievements for april, including becoming the first new provider in over 15 years to achieve national e-file coverage. During the 2024 tax season, april processed hundreds of thousands of tax returns through more than 50 partners, tripling its business year to date.
The tax preparation industry remains complex, often disconnected from users' everyday financial platforms. april is addressing this gap with its AI-powered platform, reducing filing time significantly from the IRS average of 13 hours to just 22 minutes. The platform has achieved an impressive Net Promoter Score (NPS) over 60, indicating strong user satisfaction.
“For too long, tax has been disconnected from clients’ primary financial relationships. april’s technology enables our partners to incorporate tax planning and filing as part of their broader offering to deliver truly holistic solutions.”
Raj Doshi, President and COO of april
The funding will help april further develop its embedded tax software, focusing on advanced tools for forecasting, optimizing, and filing taxes directly within leading financial applications. The company is expanding into more complex financial scenarios like capital gains, retirement planning, and small business ownership.
“Leveraging an AI assisted development process, we built a compliant, national e-file platform from the ground up and made it available inside the apps Americans already use to manage their money. Now we’re extending that foundation to address a much broader range of tax needs beyond filing.”
Ben Borodach, april’s co-founder and CEO
Founded by Ben Borodach, april has quickly positioned itself as a key player in embedded tax services. Its AI-driven software enables seamless integration into financial platforms, providing users with proactive tax insights and optimizing financial outcomes. april’s growing list of partners includes companies like Carry and Gusto, which leverage april’s platform to offer enhanced tax planning and management services.
One example of april's impact is its collaboration with Gusto, helping workers recalibrate paycheck withholdings, increasing their take-home pay by an average of over $1,200 annually.
QED Investors, which led the Series B round, is known for its expertise in supporting innovative fintech ventures. Adams Conrad from QED noted, “It’s rare to see a company with the potential to reshape how millions of Americans interact with the tax system, while also powering the next generation of fintech and financial services innovation.”
april's previous rounds have attracted leading investors, including Nyca Partners and Team8, who continue supporting its vision for smarter tax solutions.
