What is onShore?
Founded in 2020, Onshore has rapidly evolved from a niche tax-tech startup into a comprehensive enterprise-level platform. The company specializes in automating the identification and defense of tax incentives, a process historically plagued by manual inefficiencies and high error rates. By leveraging proprietary AI models, Onshore provides a seamless interface for businesses to optimize their tax positions while maintaining rigorous compliance standards. Its market position is defined by its ability to bridge the gap between complex regulatory requirements and user-friendly SaaS delivery, effectively democratizing access to sophisticated tax planning tools that were previously reserved for large-scale consultancies.
How much funding has onShore raised?
onShore has raised a total of $31M across 1 funding round:
Series B
$31M
Series B (2026): $31M with participation from FPV Ventures, Vertex Ventures US, Y Combinator, Restive Ventures, and ADP
Key Investors in onShore
FPV Ventures
FPV Ventures is an investment firm that collaborates with mission-driven founders to support their entrepreneurial endeavors, focusing on fostering innovation and growth in various sectors.
Vertex Ventures US
Vertex Ventures US is an early-stage venture capital firm that supports innovative founders in building a smarter digital economy through B2B software solutions, with a focus on AI and infrastructure.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and acts as a premier accelerator for high-growth technology companies.
What's next for onShore?
With this latest round of funding, Onshore is poised to enter a new phase of aggressive growth and operational scaling. The strategic focus will likely center on enhancing its AI engine to support a broader array of global tax jurisdictions and deepening its integration capabilities with existing enterprise resource planning (ERP) systems. As the regulatory landscape for tax incentives continues to shift, Onshore's ability to provide real-time, defensible data will be a key competitive advantage. The company is expected to prioritize talent acquisition in engineering and tax policy to maintain its technological edge, while simultaneously exploring strategic partnerships to embed its platform deeper into the corporate financial stack.
See full onShore company page
