Toronto – August 4, 2025 – Blue J, a GenAI tax analysis platform, immediately introduced it has raised $122 million in U.S. {dollars} in a Collection D funding spherical led by Oak HC/FT and Sapphire Ventures, with participation from Intrepid Progress Companions, and former traders Ten Coves Capital and CPA.com. Coming seven months after Blue J’s Collection C spherical, this funding indicators a transparent market consensus that Blue J is the breakout winner in its class.
“We’re thrilled to associate with Sapphire Ventures, Oak HC/FT, Ten Coves, CPA.com, and Intrepid Progress Companions — corporations with distinctive monitor information of backing market-defining corporations,” mentioned Benjamin Alarie, CEO and co-founder of Blue J. “Their dedication is a robust endorsement of our imaginative and prescient to rework tax analysis. With this capital and business assist, we are going to speed up innovation and ship even higher worth to tax professionals. We’re constructing the way forward for tax. That is only the start.”
“Tax analysis has lengthy been a cumbersome, time-consuming activity,” mentioned Allen Miller, Associate at Oak HC/FT. “Blue J has solved this problem with a sublime AI answer that dramatically accelerates analysis whereas elevating the bar for accuracy. We consider Blue J will change into the brand new commonplace for advanced tax questions—and we’re proud to assist Ben and the group of their subsequent stage of progress.”
“Blue J is precisely what we search for in vertical AI: deep area experience, proprietary information and a product that drives significant enterprise impression,” mentioned Cathy Gao, Associate at Sapphire Ventures and Blue J’s latest board member. “By making use of generative AI to many years of tax rulings, Blue J reduces analysis that after took hours to only minutes. It’s already trusted by enterprise shoppers, embraced by high corporations, and beloved by many practitioners. We consider their momentum reveals the business is prepared, and we’re proud to again Blue J as they construct the working layer for international tax cognition.”
Blue J’s platform leverages superior generative AI to ship prompt, dependable solutions to advanced tax questions spanning U.S. federal, state, and native tax (SALT), in addition to Canadian and UK tax legislation. Constructed on a rigorously curated database of authoritative tax legislation, Blue J’s system constantly improves by studying from thousands and thousands of person queries every year. The outcome: practitioners can navigate even essentially the most difficult tax points with unmatched confidence and velocity.
Not like legacy keyword-based analysis instruments, Blue J lets customers ask tax questions conversationally, with no arcane syntax required. The intuitive interface delivers solutions in seconds, full with related supply citations, making Blue J the business’s most user-friendly tax analysis platform. Greater than 70% of customers log in weekly, and Blue J’s Web Promoter Rating (NPS) is persistently within the mid-70s.
Within the first half of 2025, the corporate greater than doubled its income and buyer base, now serving tens of 1000’s of tax professionals throughout 1000’s of organizations that depend on Blue J for authoritative tax analysis, evaluation, and solutions. With the Collection D funding, Blue J will additional speed up group growth, product improvement, and market attain.
The corporate has proudly earned recognition from different generative AI leaders. “Blue J is a number one instance of efficient AI deployment in one of the crucial advanced data domains,” mentioned Marc Manara, Head of Startups at OpenAI. “By leveraging OpenAI’s newest fashions, Blue J has elevated the usual for accuracy, belief, and perception in tax analysis. We’re excited to proceed working collectively on the forefront of innovation.”
This Collection D follows Blue J’s December 2024 Collection C and comes throughout a interval of fast acceleration for the corporate. Since January 2025, Blue J has grown to over 80 staff and greater than doubled its fee of recent buyer acquisition. With this new funding and market momentum, Blue J is poised to set the brand new commonplace for AI-driven tax analysis as international tax complexity continues to rise.
About Blue J
Based in 2015, Blue J is redefining tax analysis with generative AI. Trusted by tax professionals throughout accounting corporations, legislation corporations, firms, and authorities, Blue J delivers quick, verifiable evaluation and solutions to even essentially the most advanced tax questions—empowering specialists to serve with readability and confidence. With an intuitive conversational interface and a rigorously curated library of authoritative sources, Blue J is reworking how tax professionals work and make choices. Main organizations belief Blue J to streamline their analysis workflow and improve decision-making accuracy. For extra data, go to www.bluej.com.
About Oak HC/FT
Oak HC/FT is a enterprise and progress fairness agency specializing in investments in fintech and healthcare. Utilizing partnership as a basis, Oak HC/FT guides corporations and founders at each stage, from seed to progress, to create companies that make a measurable and lasting impression. Based in 2014, Oak HC/FT has invested in over 105 portfolio corporations and has over $5.3 billion in belongings beneath administration. Oak HC/FT is headquartered in Stamford, CT, with an workplace in San Francisco, CA. Observe Oak HC/FT on LinkedIn and X and be taught extra at https://www.oakhcft.com/.
About Sapphire
Sapphire is a world software program enterprise capital agency with over $11 billion in AUM and group members throughout Austin, London, Menlo Park and San Francisco. For greater than 20 years, Sapphire has partnered with visionary administration groups and enterprise funds to again corporations of consequence. Since its founding, Sapphire has invested in additional than 170 corporations globally leading to greater than 30 Public Listings and 45 acquisitions. The agency’s funding methods — Sapphire Ventures, Sapphire Companions and Sapphire Sport — are targeted on scaling corporations and enterprise funds, elevating them to change into class leaders. Sapphire’s Portfolio Progress group of skilled operators delivers a strategic mix of value-add companies, instruments and assets designed to assist portfolio firm leaders as they scale.
