What is onShore?
Onshore, formerly known as SPRX, is an innovative AI-driven tax platform established in 2020 and headquartered in New York. The company specializes in helping businesses unlock, optimize, and defend intricate tax incentives, including R&D Tax Credits, the 179D Deduction, and Cost Segregation studies. By integrating intelligent automation with human expertise, Onshore provides a comprehensive approach to tax strategy for a diverse range of industries. Its backing by prominent venture capital firms highlights its potential in the fintech and tax technology space.
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 Y Combinator, Vertex Ventures US, ADP, FPV Ventures, and Restive Ventures
Key Investors in onShore
Y Combinator
Y Combinator is a renowned startup accelerator that provides seed funding and mentorship to early-stage companies, helping them scale rapidly.
Vertex Ventures US
Vertex Ventures US is an early-stage venture capital firm focused on B2B software solutions, particularly in infrastructure and SaaS, with a strong emphasis on AI and developer tools.
ADP
ADP (Automatic Data Processing) is a global provider of cloud-based human capital management solutions, offering a wide range of HR and payroll services to businesses.
What's next for onShore?
With its recent major strategic investment, Onshore is poised for accelerated growth and market penetration. The company's focus on leveraging AI for complex tax incentives positions it favorably in a market seeking efficiency and compliance. Future developments will likely involve enhancing its platform's capabilities, expanding its client base across various industries, and potentially exploring new incentive areas. The backing from a mix of venture capital and strategic corporate investors suggests a clear path toward scaling operations and solidifying its position as a leader in tax technology.
See full onShore company page
