Onshore (formerly SPRX), a New York–based AI-powered tax platform, has raised $31 million in Series B funding, bringing its total funding to $46 million.
Investors
The round was led by FPV Ventures, with participation from Vertex Ventures, ADP Ventures, Y Combinator, and Restive Ventures.
FPV Ventures is a mission-driven venture capital firm managing nearly $1 billion in assets. Founded in 2022, it invests in early- to growth-stage startups building long-term, enduring businesses, with a focus on AI and frontier tech, enterprise software, and healthtech.
Onshore Use of Funds
The company will use the funding to expand its platform into additional U.S. tax and accounting domains, enhance AI-driven workflows, and scale operations.
About Onshore
Founded in 2020, Onshore (formerly SPRX) is an AI-powered tax platform that combines intelligent automation with expert oversight to help businesses unlock, optimize, and defend complex incentives, including the R&D Tax Credit, 179D Deduction, and Cost Segregation studies. Headquartered in New York, Onshore serves over 500 companies across the technology, energy, manufacturing, architecture, and agriculture sectors.
Funding Details
Company: Onshore (formerly SPRX)
Raised: $31.0M
Round: Series B
Funding Date: February 2026
Lead Investor: FPV Ventures
Additional Investors: Vertex Ventures, ADP Ventures, Y Combinator, Restive Ventures
Company Website: https://www.onshore.ai/
Software Category: Fintech / Tax & Accounting Automation
Source: https://www.businesswire.com/news/home/20260218340593/en/