- Filed raised $17.2M to automate tax prep, led by Northzone, targeting U.S. tax firms.
- It's AI that plugs into existing software, automating low-value tasks and flagging complex cases for review.
- The platform aims to help firms process 3x more returns amid a growing industry labour shortage.
Filed, a Stockholm-based startup, has secured $17.2 million in funding to automate the tedious work of tax preparation with AI, as the accounting industry faces a looming talent shortage.
Led by Northzone with participation from Day One Ventures, Neo, and others, the round will help Filed expand its team and accelerate growth in the U.S. market.
Founded by CEO Leroy Kerry and CTO Atul Ramachandran, Filed’s AI Tax Preparer plugs directly into existing tax software, automating nearly half of the low-value tasks that consume tax professionals’ time.
The system reads documents, applies firm-specific tax strategies, and enters data, flagging edge cases for human review to ensure compliance and auditability. This approach allows firms to process up to three times more returns without hiring additional staff.
The need for automation is acute: 75% of U.S. CPAs are nearing retirement, and 17% fewer students are entering the profession since 2019.
Filed’s AI, trained specifically on tax workflows, stands out by integrating seamlessly with existing systems, unlike generic AI tools or narrow point solutions.
Filed’s long-term vision is to become the foundational AI infrastructure for the tax industry, extending beyond return prep to client collaboration and audit management.
Edited by Annette George
