Column Tax said to raises $21.7m six months after seed

Personal income tax software platform Column Tax has reportedly raised $21.7m in its Series A funding round.

Bain Capital Ventures served as the lead investor, with commitments coming from Felicis and Not Boring, according to a report from Forbes. Existing Column Tax backers Core Innovation Capital and South Park Commons, also joined the round.

The company API gives users personalised, secure and powerful income tax experiences. Its Tax Refund Unlock solution empowers US customers to get advance access to their tax returns in monthly payments, as well as file their taxes in a few clicks.

Column Tax co-founder and CEO Gavin Nachbar told Forbes the company was founded to democratise the access to tax advice often reserved for wealthier Americans.

The FinTech company previously raised $5.1m in its seed funding round late last year. The round was also led by Bain Capital Ventures, with support also coming from South Park Commons, Core Innovation Capital, and Operator Partners.

The report from Forbes claims Column Tax grew its annual contracts value by 15-times between the seed and Series A round.

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