Instead secures a minority investment from IRIS Software Group to enhance its AI-powered tax platform, fostering product development and expanding marketing efforts.
Round Type
Venture
MiamiSoftwareArtificial IntelligenceFintechSaaSInvestors
Description
Instead, a Miami-based AI tax platform provider, received an undisclosed investment from IRIS Software Group. The funding will help Instead accelerate product development and expand its sales and marketing capabilities. Led by CEO Andrew Argue, Instead automates tax preparation for accountants. The partnership aims to drive innovation in the tax and accounting ecosystem.
Quick answer
Instead raised an undisclosed amount in a funding round, dated May 22, 2025. Investors: IRIS Software Group. Instead is based in Miami, Florida, United States.
- How much did Instead raise?
- Instead raised an undisclosed amount in a funding round on May 22, 2025.
- Who invested in Instead?
- IRIS Software Group is named as investors in this round.
- What does Instead do?
- Instead is an AI-powered tax platform provider that allows accountants to automate tax preparation, enabling a shift from compliance to strategic advisory.
- Where is Instead based and how big is it?
- Instead is based in Miami, Florida, United States. Fundz records about 44 employees.
- Who are the decision-makers at Instead?
- Fundz holds 1 contact at Instead. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Fintech and SaaS around the same time
Companies in the same sectors as Instead that raised within 45 days of this round, from Fundz verified event records.
- Groundley raised $1.1M (Seed) on June 3, 2025.
- Wingspan raised $20M on April 25, 2025.
- Cursor raised an undisclosed amount (Funding Round) on April 21, 2025.
- Massive Dynamic raised $3.5M (Pre-Seed) on July 4, 2025.
- Flawless raised $1.5M (Pre-Seed) on July 2, 2025.
- Peec AI raised $7.6M (Seed) on July 2, 2025.
Who to call at Instead, and when
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- An alert the day Instead raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Instead, from your own LinkedIn network
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Related People
Instead raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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