Toronto-based Blue J Tax Company Acquires $168 Million to Reinvent AI-Driven Tax Research
Blue J Raises $168 Million in Series D Funding to Transform Tax Research
Toronto-based generative AI platform, Blue J, has successfully secured $168 million in Series D funding in August 2025. This funding round, led by Oak HC/FT and Sapphire Ventures, marks a significant milestone for the company.
With more than 80 employees, Blue J has more than doubled its revenue and customer base in the first half of 2025. The company now serves tens of thousands of tax professionals across thousands of organizations, including major accounting firms like KPMG and RSM.
Blue J's unique platform offers instant, source-cited answers to tax questions across multiple jurisdictions, including U.S. federal, state, and local tax (SALT), Canadian, and U.K. tax law. The platform's conversational interface eliminates the need for traditional keyword-based research, enabling users to find authoritative answers in seconds.
CEO and co-founder of Blue J, Benjamin Alarie, stated that the investment validates the company's vision to transform the way professionals navigate complex tax laws. He further added that the investment will accelerate innovation and deliver greater value to tax professionals.
The funding round also saw participation from Intrepid Growth Partners, Ten Coves Capital, and CPA.com, existing investors in Blue J. Alarie mentioned that their commitment is a powerful endorsement of the company's vision.
Blue J aims to scale its market reach as it positions itself to become the standard for AI-driven tax research. Future plans include continuing product innovation, expanding capabilities, broadening international tax coverage, and further scaling usage.
The company's goal is to navigate rising global tax complexity. With the new funding, Blue J plans to expand its team and accelerate product development to deliver greater value to tax professionals.
The funding underscores Blue J's rapid rise as the frontrunner in AI-powered tax research. Alarie said, "Their commitment is a powerful endorsement of our vision to transform tax research."
[1] Blue J Raises $168 Million in Series D Funding. (2025, August). Retrieved from https://www.prnewswire.com/news-releases/blue-j-raises-168-million-in-series-d-funding-301370291.html
[2] Blue J to Transform Tax Research with New Funding. (2025, August). Retrieved from https://www.techcrunch.com/2025/08/10/blue-j-to-transform-tax-research-with-new-funding/
[3] Blue J Expands Customer Base and Revenue. (2025, June). Retrieved from https://www.prnewswire.com/news-releases/blue-j-expands-customer-base-and-revenue-301316757.html
[4] Blue J Continues Aggressive Hiring. (2025, May). Retrieved from https://www.prnewswire.com/news-releases/blue-j-continues-aggressive-hiring-301303399.html
[5] Blue J: The Future of Tax Research. (2025, March). Retrieved from https://www.forbes.com/sites/jacobmattingley/2025/03/15/blue-j-the-future-of-tax-research/?sh=7729913e166c
- Blue J's cutting-edge AI technology, combined with this latest $168 million in Series D funding, will advance the company's vision for AI-driven investing in the financial sector, particularly within the realm of artificial-intelligence-powered tax research.
- As Blue J continues to expand its team, leverage AI, and broaden international tax coverage, the company's strategic investments in technology and artificial-intelligence will revolutionize not only the tax research industry but also the broader landscape of investing and finance.
