TurboAppeal just tacked on another $4M in funding.
The company provides data-driven tax appeal software that’s available in both Illinois and Florida.
That funding is in addition to the $3 million the company closed in January of 2016 and the $1.5 million seed round it raised in 2015.
According to the Chicago Tribune, the round was led by Chicago’s Guaranteed Rate and saw participation from several local investors including Garland Capital, Hyde Park Venture Partners and @properties. Barbara Corcoran Venture Partners and Camber Creek also joined in the round, in addition to other undisclosed investors.
TurboAppeal’s funding contributes to the Chicago tech ecosystem’s growing momentum — the city’s digital tech companies brought in $117 million in September alone.
Founded in just 2015, and one of our 2016 Moxie Award nominees for Best Consumer Web Startup, the company leans on Big Data analytics and proprietary machine learning to automate how homeowners find and use evidence to appeal a property tax. Because it learns as it goes, its algorithm becomes increasingly more savvy over time.
CEO Badal Shah told the Tribune that the new funding will be used to fuel the company’s national expansion and introduce additional product offerings.
TurboAppeal has just under 30 employees across offices in Chicago, Denver and Miami and plans to hire about 10 more to grow its engineering, product development and marketing efforts.
Image via TurboAppeal.
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