Raising $122 million in Series D Financing by the company Blue J
Blue J, a leading innovator in the field of AI-driven tax research, has announced the successful completion of a Series D financing round. The funding, amounting to $122 million USD (approximately CAD 167.4 million), was led by Oak HC/FT and Sapphire Ventures, with participation from Intrepid Growth Partners, Ten Coves Capital, and CPA.com.
The financing, which took place on August 4, 2025, follows just seven months after Blue J's Series C round and marks their largest funding to date, valuing the company at over $300 million USD (CAD 413 million).
Blue J's rapid growth in 2025 is evident, with the company more than doubling its revenue and customer base in the first half of the year. The company now serves more than 2,500 organizations and tens of thousands of tax professionals, up from 200 organizations in 2021. This growth has also resulted in an increased headcount, with over 80 employees now on board, reflecting accelerated team expansion driven by increased market demand.
The company's services are primarily targeted towards accounting and tax professionals. Blue J's platform leverages advanced AI models, including OpenAI’s latest technology, to simplify and expedite complex tax research, providing accurate, authoritative tax insights. This AI-driven solution transforms what has historically been a cumbersome, time-consuming process into a faster, more reliable service for tax professionals.
Hoskin & Harcourt LLP, a leading international law firm, advised on Blue J's Series D Financing. The team included Chad Bayne, Justin Dharamdial, Andrew Irwin, Nik Popovski, Daniel Tyberg, Alexander Green (Emerging and High Growth Companies), Kim Maguire, and Thomas Neville (Tax).
The Series D funding will support Blue J in accelerating innovation, expanding product development, broadening market reach, and growing its team to enhance value delivered to tax and accounting professionals worldwide.
Blue J's AI-driven tax research platform is setting new standards in the industry, revolutionizing the way tax professionals conduct research and analysis. This funding solidifies Blue J's position as a breakout leader in AI-driven accounting and tax research solutions.
| Aspect | Details | |-------------------------------|-----------------------------------------------------------------------------------| | Series D Financing Amount | $122 million USD (CAD 167.4 million) | | Lead Investors | Oak HC/FT, Sapphire Ventures, with participation from Intrepid Growth Partners, Ten Coves Capital, CPA.com | | Company Valuation | Over $300 million USD (CAD 413 million) | | Growth Highlights | More than doubled revenue and customer base in H1 2025; over 2,500 client organizations; 80+ employees | | Service Offering | Generative AI tax research platform providing fast, accurate tax analysis and insights for professionals | | Strategic Impact | Accelerating innovation, product development, team expansion, and market penetration in tax and accounting sectors |
- The successful Series D financing round led by Oak HC/FT and Sapphire Ventures has secured $122 million USD for Blue J, a high growth company specializing in AI-driven tax research.
- This round of finance will enable Blue J to invest in expanding their product development, broadening market reach, and growing their team to deliver enhanced value to tax and accounting professionals worldwide.
- Blue J's AI-driven tax research platform, which now serves more than 2,500 organizations and employs over 80 individuals, is revolutionizing the industry, setting new standards in accounting and tax research with the help of advanced AI models, including OpenAI’s latest technology.
