Blue J Raises $9 Million in Series B

by Kay Aloha Villamor in August 26th, 2021

Blue J, the leading provider of predictive analysis tools for tax positions, has raised $9 Million in a Series B round led by Generation Ventures.

The round includes participation from returning investors Relay Ventures, Mistral Venture Partners, and LDV Partners. 

The fresh funding will use to accelerate the development and adoption of the company’s flagship tax analysis platform, adds new executives to lead sales and marketing, and announces a new tax diagramming solution.

Company: Blue J

Raised: $9.0M

Round: Series B

Funding Month: August 2021

Lead Investors: Generation Ventures

Additional Investors: Relay Ventures, Mistral Venture Partners, LDV Partners

Company Website: http://www.bluej.com/

Software Category: LegalTech>machine learning and artificial intelligence 

About the Company: Blue J uses machine learning and artificial intelligence to make the law more transparent and accessible. The company’s technology saves researchers hours of time and offers confident answers in challenging circumstances. Blue J began in 2014 with IBM’s Watson Challenge at the University of Toronto. Benjamin Alarie, an associate dean at the time, was approached to help judge the competition, a contest between students and startups to create commercial implementations for the technology company’s super-computer AI.

Source: https://www.businesswire.com/news/home/20210810005199/en/Blue-J-Raises-9M-in-Series-B-Funding-Adds-Key-Personnel-Announces-New-Tax-Diagramming-Solution

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