What is onShore?
Founded in 2020 and headquartered in New York, Onshore (formerly SPRX) operates at the intersection of artificial intelligence and tax compliance. The company's platform is designed to help businesses unlock, optimize, and defend intricate tax incentives, including the R&D Tax Credit, the 179D Deduction, and Cost Segregation studies. By combining intelligent automation with expert human oversight, Onshore aims to provide businesses across various industries with a robust solution for maximizing their tax benefits and ensuring compliance.
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, Restive Ventures, and FPV Ventures
Key Investors in onShore
Y Combinator
Y Combinator is an established accelerator program that provides seed funding and mentorship to early-stage startups, helping them to grow and attract further investment.
Vertex Ventures US
Vertex Ventures US is an early-stage venture capital firm specializing in B2B software solutions, focusing on infrastructure and SaaS companies within sectors like AI and developer tools.
ADP
ADP is a global provider of cloud-based human capital management solutions, offering a wide range of services including payroll, benefits administration, and talent management for businesses.
What's next for onShore?
With the recent influx of major strategic investment, Onshore is poised for significant expansion and further development of its AI-driven tax optimization capabilities. This substantial backing, particularly from strategic partners, suggests a focus on scaling operations, enhancing its technology platform, and potentially broadening its market reach. The company's trajectory indicates a strong growth phase, leveraging its expertise in complex tax incentives to capture a larger share of the market and solidify its position as a leader in AI-powered tax solutions.
See full onShore company page
