K1X
AI platform for automating private market tax data and compliance.
Company facts
- Founded
- 2022
- Employees
- 73
- Headquarters
- United States
- CEO
- John LaMancuso
- Type
- Private
- Funding
- Series B · $20M · 2024
About
At K1x, we are dedicated to transforming the landscape of alternative investment tax compliance. We understand the complexities and challenges tax professionals, investors, and accounting firms face, especially with the burdensome K-1 and 990 workflows. That's why we've developed a leading data distribution platform, powered by our patented, AI-driven SaaS solution. Our mission is to digitize and streamline the entire process, seamlessly connecting all stakeholders – from investors and advisors to tax software providers, portals, accounting firms, and even the IRS and state taxing authorities. We're here to simplify these intricate processes, accelerate filings, significantly reduce costs, and provide unparalleled control, transparency, and accessibility to critical tax data. We're proud that our innovative approach has been battle-tested and earned the trust of over 8,000 organizations. This includes a significant number of the largest institutional investors in the US, top accounting firms, leading private foundations, major university endowments, and prominent health systems. Our technology is designed not just to automate tasks but to empower tax professionals. By eliminating inefficiencies and the drudgery of manual data extraction, we help our clients shift their focus towards higher-value activities like strategic insights, client advisory, and revenue expansion. We're constantly innovating, as evidenced by our record-breaking K-1 processing volumes and the development of cutting-edge, patented technology. We launched trust.k1x.io to offer a centralized hub for security and procurement information, underscoring our commitment to transparency and reliability. We believe we are doing something extraordinary by modernizing tax compliance for alternative investments, an industry historically challenged by outdated technology and processes. We're excited about the future and our role in eliminating friction within the US capital markets.