K1x Raises $20M to Expand Product Innovation and Business Growth
K1x’s platform is trusted by 16 of the top 25 accounting firms and 44 of the top 100 institutional investors, positioning it as an industry standard for all-digital K-1 data aggregation and reporting.
Company Name: K1x
Location: Court Morristown, NJ
Sector: SaaS, Financial Technology
Funding Details: Raised $20M in funding, led by Edison Partners, bringing the company’s total funding to $40M.
Purpose of Investment: The company intends to use the funds for product innovation and business expansion.
Product and Innovation: Led by CEO John LaMancuso, K1x offers an AI-powered SaaS solution that simplifies tax compliance for the capital markets. The platform digitizes and distributes tax data seamlessly, connecting investors, accounting firms, tax software, and both IRS and state taxing authorities. The solution accelerates filings, reduces costs, and provides greater control and accessibility for alternative investment tax compliance and tax-exempt filings.
About the Company: K1x’s platform is trusted by 16 of the top 25 accounting firms and 44 of the top 100 institutional investors, positioning it as an industry standard for all-digital K-1 data aggregation and reporting.
