Participated · Series D · Aug 2025

Blue J offers a generative AI tax research platform that covers U.S. federal, state and local (SALT), Canadian, and UK tax law, built on a rigorously curated database of authoritative sources. Its conversational interface lets users ask tax questions without special syntax and returns answers in seconds with relevant source citations. The system learns from millions of user queries annually and is positioned versus legacy keyword-based research tools. More than 70% of users log in weekly and Blue J’s Net Promoter Score is consistently in the mid-70s. In the first half of 2025 the company more than doubled its revenue and customer base and now serves tens of thousands of tax professionals across thousands of organizations. Since January 2025 Blue J has grown to over 80 employees and has more than doubled its rate of new customer acquisition; the company plans to use the new capital to accelerate team expansion, product development, and market reach. Blue J offers a generative AI–powered tax research platform that integrates authoritative tax content, including Tax Notes, regulations, case law, administrative rulings, and expert commentary. Its conversational interface synthesizes complex sources into clear, actionable answers and supports drafting memos and emails to streamline research workflows. After a major platform release in August 2023, Blue J grew to more than one thousand clients, including Big 4 accounting organizations, top 100 US CPA firms, and Fortune 100 companies. By the end of November 2024 the product was answering more than 100,000 tax research questions from users in the previous 30 days. The company announced a Series C investment led by Ten Coves Capital to accelerate global expansion and enhance its AI capabilities. Ten Coves partner Dan Kittredge will join Blue J’s board as part of the investment, positioning the company to expand its footprint among legal, accounting, corporate, and government organizations worldwide. Blue J builds a flagship tax analysis platform that uses machine learning and AI to analyze the merits of tax and legal positions. The company was founded in 2015 and operates from Toronto, and its team has grown to more than 65 employees. Its core product set includes a new tax diagramming solution purpose‑built for tax practitioners to document and analyze complex entity relationships. Blue J says the diagramming tool opens new ways to leverage AI and machine‑learning in tax analysis. The company has signed more than 200 organizations as customers, including leading North American law firms, global accounting firms, and the Canadian federal government. Management recently added Joshua Tanzola as VP, Global Sales, and Peter van Hezewyk as VP, Marketing to lead sales and marketing efforts. Blue J Legal builds AI-powered platforms that scan historic judicial decisions and use machine learning to predict court outcomes, helping legal and accounting professionals research and support positions more efficiently. The company reports its technology predicts court outcomes with 90% accuracy. Its products target North American tax law and Canadian employment law. Blue J says customers leverage its data alongside relevant case law to save time and money. The $2 million growth financing announced will be used to support product diversification and geographic expansion across North America. Blue J is Toronto-based and was founded in 2015; it is currently backed by BDC Capital, LDV Partners, Mistral Venture Partners and Relay Ventures. Blue J Legal develops machine-learning and AI products that analyze case law to bring clarity to legal questions, with an initial focus on tax and employment law. Its flagship products, Tax Foresight and Employment Foresight, let users assess the strength of legal positions and search cases by facts and outcomes rather than keywords. Since founding in 2015 the team has grown to more than 30 employees, and over the past two years the company has signed more than 100 clients for those products. Market-leading law and accounting firms such as Osler, Fasken, Gowling WLG, Miller Thomson, and Collins Barrow are among its customers. The company says its technology saves users hours and provides confident answers in challenging circumstances. Blue J plans to expand its product suite and extend the technology to other areas of law while establishing a foothold in the U.S.

Participated · Series A · Feb 2024

Valid8’s Verified Financial Intelligence platform automates extraction of source documents (bank statements including Bitcoin, brokerage statements, checks and deposit slips), performs quality assurance, reconciles and traces flows of funds, and generates visualizations and automated evidentiary reports. The product includes AI-powered bank statement extraction, automated transfer and cash-journal matching, multicurrency support (166 currencies, including Bitcoin) with daily ECB exchange rates, AI categorization, and chain-of-custody linkage of every transaction to source documents. The company says the platform delivers courtroom-ready evidence in hours instead of weeks or months and is used by accounting firms, law firms and government agencies. Valid8 completed TechStars in 2017, closed a seed round in 2021 and closed an $8.5 million Series A in November 2023. The company reports it has doubled revenue each year since 2019 and has resolved more than 20,000 cases, supports over 1,800 users, and has verified more than 400 million transactions. Valid8 plans to extend the platform into additional use cases including transaction advisory (M&A diligence) and financial statement audits and to maintain leadership in complex fraud investigations and crypto bankruptcies. The company intends to use recent funding to support engineering and go-to-market teams based at its Boulder, Colorado headquarters.

Participated · Series A · Mar 2022

Fieldguide delivers a cloud-based, AI-native platform that combines audit and advisory professionals with "agentic" artificial intelligence to optimize every phase of engagement delivery, from planning through close. Built specifically for regulated environments, the software focuses on improving efficiency, client experience, and firm growth across audit, advisory, and assurance practices. The platform is already used by leading firms such as KPMG, RSM US, Baker Tilly, CBIZ, BDO, Grant Thornton, Forvis Mazars, and dozens of other national and regional accounting firms. By automating workflows and surfacing AI-driven insights, Fieldguide aims to reduce manual effort and accelerate report delivery for practitioners. The company plans to allocate its latest capital toward scaling operations and accelerating product development, deepening its AI capabilities and expanding market reach. Including the newest round, Fieldguide has raised a cumulative $125 million in venture funding, underscoring strong investor confidence in its offering.

Participated · Series E · Jan 2022

Lukka provides enterprise data and software solutions that help risk-mature businesses address financial, risk, compliance, and trade finance issues complicated by blockchain data. Its core product set includes Enterprise Data Management Software for audit-ready cryptoasset financial reconciliation and reporting. The company serves customers needing standardized, auditable blockchain data and reporting across multiple business entities. Lukka intends to use the new funds to expand operations and accelerate development efforts. Founded in 2014 and headquartered in New York City, the company has formed a commercial partnership to broaden its product use across large portfolios. The partnership with Animoca Brands will enable that partner to leverage Lukka’s software globally for reconciliation and reporting, enhancing its capabilities to manage and analyze blockchain data. Lukka provides institutional‑grade crypto-asset software and data, offering middle- and back‑office solutions that bridge blockchain data and traditional business needs. Its products meet rigorous technical control standards, including AICPA SOC 1 Type II and SOC 2 Type II. High‑profile customers named in 2021 include State Street, S&P Dow Jones Indices, and RSM, and its customer base spans crypto‑native firms to institutions at the intersection of crypto and traditional finance. To date Lukka has processed more than $2.1 trillion in unique transactions supporting 10,415 entities engaging in crypto activities. The company says the new capital will accelerate an aggressive growth and global expansion strategy. The firm emphasizes institutional accuracy and completeness across its suite of reporting, analytics, and data solutions. Lukka provides institutional-grade middle- and back-office software and crypto asset data that transform complex blockchain information into audit-ready, easy-to-use inputs for traditional financial operations. Its products, including Lukka Reference Data, Lukka Prime and the consumer-facing Lukka Essentials, are built to institutional standards such as AICPA SOC controls. The company serves both crypto-native and traditional financial customers, including over 200 active crypto funds and firms like S&P Dow Jones Indices, IHS Markit, RSM, and Arca. Lukka reports having processed $4.4 trillion in unique transactions to date. With plans to add features supporting derivatives and DeFi, the firm intends to scale operations to meet institutional adoption needs. Founded in 2014 and based in New York City, Lukka emphasizes accuracy, completeness and audit readiness for financial reporting, risk management, and audits. Lukka provides institutional-grade software and data that turn complex blockchain and crypto asset data into usable information for middle- and back-office operations. Its product suite includes Lukka Reference Data, Lukka Prime (a fair market value pricing methodology for crypto assets), and LukkaTax for Professionals. The company builds its solutions to institutional technical control standards such as AICPA SOC Controls. Lukka serves customers including digital asset exchanges, trading desks, CPA and accounting firms, fund administrators, miners, protocols, and auditors. It plans to expand its institutional-grade software and data products to traditional businesses and funds as they rapidly adopt crypto assets. Founded in 2014, Lukka is based in New York City.