Filed

Filed

AI-powered tax preparation platform for firms

Overview

Filed offers an AI-powered tax preparation platform for accounting firms. The system acts as a tax preparer that accelerates the preparation process by handling repetitive, real-world tax scenarios, designed to augment tax professionals rather than replace their judgment. It helps firms scale by reducing turnaround times—claims during the 2025 tax season that returns could be processed overnight rather than over a full week without additional staff. The company targets CPAs and tax professionals, focusing on leveraging technology to increase efficiency and capacity during busy tax seasons. Led by CEO Leroy Kerry, with founding CPAs Kevin Lee and Hannah Jones Gabell, Filed centers on practical, profession-driven tax workflow automation.

About Filed

Simplify's Rating
Why Filed is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

N/A

Company Stage

Seed

Total Funding

$17.2M

Headquarters

London, United Kingdom

Founded

2017

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Simplify's Take

What believers are saying

  • Raised $17.2M led by Northzone to expand AI tax automation.
  • Saves firms $100 per return via reduced manual data entry.
  • 98% data extraction accuracy boosts capacity without new staff.

What critics are saying

  • Intuit's Lacerte AI erodes differentiation via ecosystem lock-in.
  • IRS Direct File captures 20M filers, bypassing CPAs entirely.
  • Taxfyle steals market with cheaper, faster 1040s for small firms.

What makes Filed unique

  • Filed's AI accelerates tax prep from week to overnight for 2025 clients.
  • Platform augments CPAs with audit trails and preparation notes.
  • Built by CPAs Kevin Lee and Hannah Jones Gabell for real workflows.

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Funding

Total Funding

$17.2M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$17.2M
Filed

Company News

Filed
May 22nd, 2025
Filed | Filed raises $17.2M to power modern accountants

At Filed, our mission started with a single moment. An accountant couldn’t onboard my prior business because of staffing issues. That sparked a deeper question: how could we help the profession rebuild capacity without hiring sprees or sacrificing quality?

Silicon Legal Strategy
May 21st, 2025
SLS Client Neo Joins Filed's $17.2MM Round

SLS client Neo joins Filed's $17.2MM round.

TechCrunch
May 21st, 2025
Filed raises $17M to automate the drudgery of tax prep

There is a new accounting software in town, coming in with a fresh $17.2 million raise and a desire to shake things up. The company, Filed, hopes to Filed, which uses AI to complete the lifecycle of a tax return, raised $17.2 million led by Northzone.

SiliconANGLE Media
May 21st, 2025
Filed raises $17.2M for AI tax automation

AI tax startup Filed has raised $17.2 million to enhance tax return processing with AI. The funding, from seed and preseed rounds led by Northzone and others, will help Filed automate tax tasks, addressing the accounting industry's talent shortage. Filed's AI integrates with existing tax software, improving productivity by automating tasks like data entry. Clients like JCG Tax Advisory have reduced review cycles by up to 50% and increased processing capacity, aiming to expand into document management and audit preparation.

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