Dear SPRX Community,
I’m excited to share that SPRX has raised a $12M Series A round, led by Vertex Ventures US, with participation from Y Combinator, Restive, and Rebel Fund. This funding represents a significant milestone in our mission to help companies maximize tax credits and incentives through advanced AI solutions.
My journey began at a top ten public accounting firm, where I saw firsthand how challenging it was for even the largest companies in the U.S. to efficiently maximize their tax credits. Recognizing an opportunity for technology to make a real impact, I parted ways with the firm and built a prototype to automate the R&D tax credit process. That idea became the foundation for SPRX.
I’d like to take a moment to honor my co-founder, mentor, and friend, Mark Andrus, whose vision and expertise helped shape SPRX. While Mark sadly passed away earlier this summer, his legacy continues to shape SPRX and drive us forward. The photo here was taken of the two of us not long after we finished our YC batch.
With this funding, we’re poised for significant growth. We’re expanding our AI-powered offerings beyond R&D credits, aiming to revolutionize tax accounting for CFOs and FP&A teams, allowing them to focus on driving strategic value.
Thank you to our customers, investors, and the incredible SPRX team for your support. We’re just getting started, and we can’t wait to share what’s next.
With gratitude,
Dominic Vitucci
CEO and Founder, SPRX
