Onshore Raises $31 Million in Series B to Scale AI-Powered Tax…

Team S · 2026-02-19T13:05:32.000Z

Onshore (formerly SPRX), the U.S.based AI-powered tax and incentive optimisation platform, has announced a $31 million Series B funding round to accelerate growth across tax and accounting workflows, expand its technology capabilities, and support broader commercial adoption in enterprise financial operations. The funding marks a new chapter under the Onshore name as the company modernises tax incentives and compliance with intelligent automation. The Series B round was led by FPV Ventures, with participation from Vertex Ventures, ADP Ventures, Y Combinator, and Restive Ventures - signalling strong investor confidence in Onshore’s mission to transform manual, time-intensive tax services into automated, data-driven workflows. The capital will be used to expand platform features, support new tax and accounting domains, and deepen integration with enterprise systems. Onshore’s platform combines structured data pipelines, proprietary machine-learning models, and expert oversight to process complex financial documentation and deliver audit-ready tax incentive studies and compliance reports at speed and scale, helping businesses optimise credits and deductions previously overlooked under traditional manual systems. Onshore is headquartered in New York, United States, and serves hundreds of businesses across technology, energy, manufacturing, architecture, and agriculture sectors, driving measurable improvements in tax outcomes while reducing compliance risk.

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Onshore Raises $31 Million in Series B to Scale AI-Powered Tax… | Newnex