Filed raises $17.2M in combined pre-seed and seed funding to redefine how accounting firms approach tax preparation. Backers include Northzone, Neo, Raine, Day One Ventures, J Ventures, Greens Ventures, and prominent angel investors.
The inspiration behind Filed came from a widespread issue in the accounting profession: capacity constraints driven by staffing shortages. Rather than resorting to hiring sprees or compromising on quality, the Filed team explored ways to rebuild efficiency and reliability within existing operations.
During Q1 2025, tens of thousands of tax returns were processed using Filed, following just four months of deployment.
In 2024, extensive fieldwork took place across accounting offices in the Midwest — ranging from local storefronts to large, multi-location firms. A common pattern emerged: reliance on outdated tools such as fax machines, physical paperwork, and lengthy phone queues. Overwhelmed teams were doing their best with inadequate systems.
Initial development efforts focused on software improvements, but a pivotal question from a CPA — “How would my team in India use this? ”— revealed a deeper challenge. This led to immersive research with offshore teams in India, where repetitive, rule-based workstreams clearly pointed toward automation as the true solution.
Filed automates the most time-consuming aspects of tax prep, including document organization, return validation, and anomaly detection. The platform mirrors the specific logic and processes used by firms, integrating directly with CCH Axcess, UltraTax, Lacerte, Drake, and other leading software systems.
Q1 results showed substantial gains: turnaround times dropped from a week to overnight, and review cycles were reduced by 30–50%. As one partner put it, “What used to be our ceiling is now our starting point.”
Filed offers flexibility by allowing firms to keep operations onshore with AI handling the busywork or to scale offshore teams using automation that adapts to specific workflows. Full transparency and configurability ensure the system reflects each firm’s standards and practices.
Filed is expanding to support the full tax return lifecycle. Upcoming capabilities include advanced document management, enhanced client collaboration tools, and audit readiness — bringing modern infrastructure to a profession overdue for transformation.