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🧾 Filed raises $17M to automate the grind of tax prep for overworked accountants

With the CPA talent pool shrinking and firms overwhelmed by grunt work, Filed has raised $17.2M to bring AI into the heart of tax workflows—without forcing firms to ditch their existing systems.

✅ What Filed actually does
• AI reads tax docs, applies firm-specific logic, and enters data into legacy tax software
• Flags edge cases for review—keeps CPAs in control, not out of a job
• Works as an overlay to existing systems: no rip-and-replace needed

📉 Why now: CPA burnout is real
• CPA retirements are outpacing new certifications, per AICPA
• Up to 50% of tax pros’ time goes to repetitive, low-leverage work
• Filed targets a $15B+ U.S. tax prep market with urgency and timing

🧠 Founder with grit and global chops
• CEO Leroy Kerry grew up in public housing in South London, worked his way through call centers
• Built startup ops across the UK and Sweden before landing in the U.S.
• Known for blending user empathy with pragmatic product execution

💰 Who’s backing it
• $17.2M Series A led by Northzone, joined by Day One Ventures and Neo
• Funds go to expanding engineering, sales, and partnerships with top U.S. firms
• Early traction with midsize accounting firms handling complex returns

Filed isn’t chasing buzz—it’s quietly building the infrastructure to keep tax firms viable in a post-Excel, post-CPA world.

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6.0K viewsMay 23 at 08:07

🧾 Filed raises $17M to automate the grind of tax prep for overworked accountants

With the CPA talent pool shrinking and firms overwhelmed by grunt work, Filed has raised $17.2M to bring AI into the heart of tax workflows—without forcing firms to ditch their existing systems.

✅ What Filed actually does
• AI reads tax docs, applies firm-specific logic, and enters data into legacy tax software
• Flags edge cases for review—keeps CPAs in control, not out of a job
• Works as an overlay to existing systems: no rip-and-replace needed

📉 Why now: CPA burnout is real
• CPA retirements are outpacing new certifications, per AICPA
• Up to 50% of tax pros’ time goes to repetitive, low-leverage work
• Filed targets a $15B+ U.S. tax prep market with urgency and timing

🧠 Founder with grit and global chops
• CEO Leroy Kerry grew up in public housing in South London, worked his way through call centers
• Built startup ops across the UK and Sweden before landing in the U.S.
• Known for blending user empathy with pragmatic product execution

💰 Who’s backing it
• $17.2M Series A led by Northzone, joined by Day One Ventures and Neo
• Funds go to expanding engineering, sales, and partnerships with top U.S. firms
• Early traction with midsize accounting firms handling complex returns

Filed isn’t chasing buzz—it’s quietly building the infrastructure to keep tax firms viable in a post-Excel, post-CPA world.

✔️Powered by V3V Ventures