Blue J, a Toronto, Canada-based generative AI tax research platform, has raised $122 million in a Series D funding round.
Investors
The round was led by Oak HC/FT and Sapphire Ventures, with participation from Intrepid Growth Partners, Ten Coves Capital, and CPA.com.
Oak HC/FT is a venture and growth equity firm specializing in fintech and healthcare investments. Built on a foundation of partnership, Oak HC/FT supports companies and founders at every stage—from seed to growth—to build businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in over 105 portfolio companies and manages more than $5.3 billion in assets. The firm is headquartered in Stamford, CT, with an office in San Francisco, CA.
Sapphire Ventures is a global software-focused venture capital firm with over $11 billion in assets under management and team members based in Austin, London, Menlo Park, and San Francisco. For over two decades, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally, resulting in over 30 public listings and 45 acquisitions. The firm’s investment strategies—Sapphire Ventures, Sapphire Partners, and Sapphire Sport—focus on scaling companies and venture funds to become category leaders.
Blue J Use of Funds
The company will use the funds to expand its team, enhance product development, and scale its global market reach.
About Blue J
Founded in 2015 by Benjamin Alarie, Anthony Niblett, Brett Janssen, and Albert Yoo, Blue J is a legal technology company that provides a generative AI-powered tax research platform. The platform delivers instant, reliable answers to complex tax questions across U.S. federal, state, and local tax (SALT), as well as Canadian and UK tax law. Using the latest OpenAI models and a curated legal database, Blue J enables accurate, efficient, and verifiable tax research through a conversational interface. Headquartered in Toronto, Canada, Blue J serves tens of thousands of tax professionals across thousands of organizations.
Funding Details
Company: Blue J Legal Inc.
Raised: $122M
Round: Series D
Funding Date: August 2025
Lead Investors: Oak HC/FT, Sapphire Ventures
Additional Investors: Intrepid Growth Partners, Ten Coves Capital, CPA.com
Company Website: https://www.bluej.com/
Software Category: Generative AI / Tax Research
Source: Nina Walsh