About New River Innovation
New River Innovation is a company based in Greensboro (United States) founded in 2009 was acquired by H&R Block in May 2014.. New River Innovation has raised $3.2 million across 1 funding round from investors including H&R Block. New River Innovation operates in a competitive market with competitors including TaxAct, TaxDown, Exactera, TaxScouts and Drake Software, among others.
- Headquarter Greensboro, United States
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of New River Innovation
New River Innovation has successfully raised a total of $3.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.2 million completed in September 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $3.2M
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First Round
First Round
(08 Sep 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2010 | Amount | Series A - New River Innovation | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in New River Innovation
New River Innovation has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include H&R Block. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software-based tax filing services for individuals and small businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by New River Innovation
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - New River Innovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
New River Innovation Comparisons
Competitors of New River Innovation
New River Innovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TaxAct, TaxDown, Exactera, TaxScouts and Drake Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tax filing software is offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Cloud and app-based tax management solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Tax planning is delivered via chatbots and human advisors.
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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| domain | founded_year | HQ Location |
Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about New River Innovation
When was New River Innovation founded?
New River Innovation was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is New River Innovation located?
New River Innovation is headquartered in Greensboro, United States. It is registered at Greensboro, North Carolina, United States.
Is New River Innovation a funded company?
New River Innovation is a funded company, having raised a total of $3.2M across 1 funding round to date. The company's 1st funding round was a Series A of $3.2M, raised on Sep 08, 2010.
What does New River Innovation do?
New River Innovation was founded in 2009 in Greensboro, United States, as a tax technology firm. Beyond415 was developed by the company to assist tax practitioners with post-filing tasks, including practical guidance, workflow automation, IRS notices, and audits. Operations focused on reducing time spent in these areas. The firm was acquired by HR Block in 2014 and later discontinued.
Who are the top competitors of New River Innovation?
Who are New River Innovation's investors?
New River Innovation has 1 investor. Key investors include H&R Block.