Prosperr.io Secures $4 Million in Seed Funding to Transform Tax Management with AI

Prosperr.io, an innovative startup leveraging artificial intelligence for tax management, has successfully closed a $4 million seed funding round. This effort was led by Jungle Businesses, with additional contributions from Yatra Angel Network, Sadev Ventures, and several prominent angel investors.

This latest funding boosts Prosperr.io’s total investment to $5.55 million since its founding in 2022. Earlier, the company secured $1.55 million in a pre-seed round headed by Gokul Rajaram, a distinguished board member of both Pinterest and Coinbase.

Revolutionizing Tax Compliance with AI Technology

Founded by Manas Gond and Dev Kumar, Prosperr.io offers a cutting-edge automated software platform designed to simplify tax planning and compliance. By moving away from the traditional “once a year” reporting cycle, the company aims to implement a continuous, AI-driven approach tailored for both individual taxpayers and large enterprises.

Dual Market Strategy: Business and Consumer Solutions

Prosperr.io operates a multifaceted platform that addresses two main market segments:

• Business Solutions: For organizations, Prosperr.io’s platform automates the complicated landscape of employee tax benefits and reimbursements. Utilizing AI technology, businesses can significantly reduce manual processing times and lower the risk of regulatory non-compliance.

• Consumer Services: For individuals, Prosperr.io offers a subscription model that supports year-round tax planning, dynamically adapting to changes in income or long-term financial objectives.

Strategic Growth Roadmap Ahead

The new capital will be utilized to enhance product development and fortify Prosperr.io’s core AI functions. The company plans to expand its B2B sales efforts, with a keen interest in strategically entering the wealth management sector. This growth strategy reflects a commitment to staying at the forefront of tax innovation.

With its high retention rate among enterprise clients and the introduction of a new AI-powered reimbursement product, Prosperr.io is strategically positioning itself as a vital component of modern financial operations. This makes them an unstoppable force in the evolving landscape of financial technology.

By: Sandhya Bharti