About TurboAppeal
TurboAppeal is a company based in Chicago (United States) founded in 2014 by Rob Foster was acquired by Paradigm Tax Group in May 2017.. TurboAppeal has raised $8.5 million across 3 funding rounds from investors including Rate, @properties and Paradigm Tax Group. The company has 18 employees as of December 31, 2016. TurboAppeal operates in a competitive market with competitors including Taxfyle, Frec, SPAN Enterprises, SecureTax and Tax2efile, among others.
- Headquarter Chicago, United States
- Employees 18 as on 31 Dec, 2016
- Founders Rob Foster
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.5 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Oct 04, 2016
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Investors
Rate
& 8 more
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Employee Count
18
as on Dec 31, 2016
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Acquired by
Paradigm Tax Group
(May 11, 2017)
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Funding Insights of TurboAppeal
TurboAppeal has successfully raised a total of $8.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in October 2016. 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 3
- Last Round Series A — $4.0M
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First Round
First Round
(13 May 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series A - TurboAppeal | Valuation |
investors |
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| Jan, 2016 | Amount | Seed - TurboAppeal | Valuation |
investors |
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| May, 2015 | Amount | Seed - TurboAppeal | Valuation |
investors |
| 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 TurboAppeal
TurboAppeal has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Rate, @properties and Paradigm Tax Group. 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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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in Midwest technology startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech startups
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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 TurboAppeal
| 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 - TurboAppeal
| 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 |
Turboappeal Comparisons
Competitors of TurboAppeal
TurboAppeal 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 Taxfyle, Frec, SPAN Enterprises, SecureTax and Tax2efile, 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 |
Online tax filing services are offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Margin lending services are provided by Frec to financial clients.
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| domain | founded_year | HQ Location |
Develops and supports IRS e-filing and business management software products.
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| domain | founded_year | HQ Location |
Web-based tax preparation and filing services are provided online.
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| domain | founded_year | HQ Location |
Offers electronic tax filing services for IRS forms and extensions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 TurboAppeal
When was TurboAppeal founded?
TurboAppeal was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is TurboAppeal located?
TurboAppeal is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of TurboAppeal?
Rob Foster is the current CEO of TurboAppeal. They have also founded this company.
Is TurboAppeal a funded company?
TurboAppeal is a funded company, having raised a total of $8.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on May 13, 2015.
How many employees does TurboAppeal have?
As of Dec 31, 2016, the latest employee count at TurboAppeal is 18.
What does TurboAppeal do?
TurboAppeal is a software tool that assists attorneys and clients in automating and streamlining the cumbersome process of filing property tax appeals. Its proprietary machine-learning algorithm mines through extremely large datasets to not only assure the most accurate evidence is generated but to also cleanse and verify customer data. It charges 30 of users first years savings and service is free in case of unsuccessful appeal. The company has been recognized by Tech Cocktail as the runner-up for National Startup of the Year in 2015.
Who are the top competitors of TurboAppeal?
Who are TurboAppeal's investors?
TurboAppeal has 9 investors. Key investors include Rate, @properties, Paradigm Tax Group, Garland Capital Group, and Hyde Park Venture Partners.