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Edison Partners Invests $15 Million In Schedule K-1 Automation Disruptor K1X, Inc.

Dec 15, 2022•over 2 years ago

Amount Raised

$15 Million

MorristownFinancial ServicesInformation TechnologySoftwareFintechSaas

Investors

Edison Partners

Description

Edison Partners, a leading growth equity investment firm, today announced a $15 million investment in K1x, the leading provider of automated solutions for aggregation and packet production for the Schedule K-1 federal tax form and end-to-end tax return solutions for tax-exempt organizations. The investment closely follows K1x’s acquisition of tax-technology products from Crowe LLP. As part of the transaction, Jennifer Lee, partner at Edison Partners, will join K1x’s board of directors.

Company Information

Company

K1x

Location

Morristown, New Jersey, United States

About

K1x, Inc. is a SaaS financial technology company with long-established tax technology offering the first-ever, all-digital K-1 experience to the capital markets. Backed by experts with decades of know-how in the financial industry, K1x’s founding product, C-TRAC, is the leading end-to-end software solution for tax-exempt organizations. Expanding the suite to tackle the unique challenges faced by institutional investors and their investments, the K1x Advantage Suite was born, offering AI-powered solutions for K-1 aggregation and digital K-1 packet production. The K1x Advantage Suite is a modular software solution that digitally connects producers and recipients for faster delivery, more accurate information and streamlined reporting. K1x technologies are now used by the largest institutional investors, funds and accounting firms in the U.S.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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