Toronto – August 4, 2025 – Blue J, a GenAI tax analysis platform, at present 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 Growth Partners, and former buyers Ten Coves Capital and CPA.com. Coming seven months after Blue J’s Collection C spherical, this funding alerts a transparent market consensus that Blue J is the breakout winner in its class.
“We’re thrilled to companion with Sapphire Ventures, Oak HC/FT, Ten Coves, CPA.com, and Intrepid Development Companions — companies with distinctive observe data of backing market-defining firms,” 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 help, we are going to speed up innovation and ship even larger 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 process,” mentioned Allen Miller, Companion at Oak HC/FT. “Blue J has solved this problem with a chic AI answer that dramatically accelerates analysis whereas elevating the bar for accuracy. We consider Blue J will turn into the brand new commonplace for complicated tax questions—and we’re proud to help Ben and the crew of their subsequent stage of development.”
“Blue J is strictly what we search for in vertical AI: deep area experience, proprietary knowledge and a product that drives significant enterprise influence,” mentioned Cathy Gao, Companion at Sapphire Ventures and Blue J’s latest board member. “By making use of generative AI to a long time of tax rulings, Blue J reduces analysis that after took hours to simply minutes. It’s already trusted by enterprise shoppers, embraced by high companies, and cherished 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 complicated tax questions spanning U.S. federal, state, and native tax (SALT), in addition to Canadian and UK tax regulation. Constructed on a rigorously curated database of authoritative tax regulation, Blue J’s system repeatedly improves by studying from tens of millions of person queries every year. The end result: practitioners can navigate even probably the most difficult tax points with unmatched confidence and pace.
In contrast to 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 constantly 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 crew enlargement, product growth, 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 some of the complicated 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 workers and greater than doubled its price 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 companies, regulation companies, firms, and authorities, Blue J delivers quick, verifiable evaluation and solutions to even probably the most complicated tax questions—empowering consultants 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 development fairness agency specializing in investments in fintech and healthcare. Utilizing partnership as a basis, Oak HC/FT guides firms and founders at each stage, from seed to development, to create companies that make a measurable and lasting influence. Based in 2014, Oak HC/FT has invested in over 105 portfolio firms and has over $5.3 billion in property underneath 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 study extra at https://www.oakhcft.com/.
About Sapphire
Sapphire is a world software program enterprise capital agency with over $11 billion in AUM and crew 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 firms of consequence. Since its founding, Sapphire has invested in additional than 170 firms 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 firms and enterprise funds, elevating them to turn into class leaders. Sapphire’s Portfolio Development crew of skilled operators delivers a strategic mix of value-add companies, instruments and assets designed to help portfolio firm leaders as they scale.
