Tax and accounting startup Lettuce receives $6 million in seed funding

Lettuce Financial Labs, a San Francisco-based startup, received $6 million in seed funding from Zeev Ventures, helping fuel the development of its Solopreneur accelerator. program to provide tax and accounting services to self-employed individuals.

Through this program, Lettuce plans to provide 1,000 “solopreneurs” with a free personalized business assessment to maximize their profits in 2024, and will also file their 2023 taxes on their behalf.

“More and more people are choosing to be self-employed, but they lack the time, tools and information to make strategic decisions about the best tax and accounting options for their business,” Ran Harpaz said Wednesday, CEO of Lettuce Financial, in a press release. “At Lettuce, our goal is to fully support solopreneurs with fundamental financial advice and alleviate tax and accounting concerns so they can focus on growing their business and doing the work they love.

Lettuce leverages artificial intelligence and automation to provide proactive tax-saving suggestions to small business owners and manage various aspects of a solopreneur’s taxes and accounting, including forming an LLC or business. an S corp, managing IRS requirements and preparing tax forms.

The $6 million funding round was led by Zeev Ventures, along with other angel investors. The funds will be used to accelerate growth and product development, as well as invest in new AI research.

“Ran and his team are an exceptional group of professionals who first-hand understand the opportunities and challenges solopreneurs face, and they have a proven track record of building businesses at scale,” said Oren Zeev, founding partner of Zeev Ventures, in a statement. “I look forward to partnering with the Lettuce team as they continue to grow the company and leverage AI in their products to serve millions of solopreneurs around the world.”

The technology was developed with the help of an organization called A.Team.

“We’re always looking for new ways to help A.Teamers simplify their lives as independent builders so they can focus on what they love to do: building,” said the founder of A.Team, Raphael Ouzan, in a press release. “Lettuce’s platform was developed with manufacturers from the A.Team network and uniquely addresses the problems of consultants and freelancers. We’re excited that Lettuce is helping A.Teamers save time and be more profitable. »

Lettuce declared its Solopreneur accelerator The program would offer the first 1,000 solopreneurs who join a tailored business assessment to improve their profitability. It will also provide a free 2023 tax return to solopreneurs, to use for filing or as a second opinion in relation to their tax service to participants who register here before March 31.