Growth Equity Firm Edison Partners Leads $20M Investment in K1x
Summary
Using proprietary, patented artificial intelligence, K1x has built and evolved best-in-class software that has brought digital transformation to K-1 reporting, which connects institutional investors and their advisors to seamlessly and efficiently exchange alternative investment data. Ever since the spinout and our initial investment less than two years ago, we have built a well-oiled enterprise SaaS machine that is capitalizing on multiple tailwinds. The latest financing brings the companys total funding to $40 million and will be used for product innovation and expansion, as well as serving existing and future clients with industry leading market facing talent. Named as a Top Growth Investment Firm by GrowthCap for two years running, Edisons active portfolio has created aggregated market value exceeding $10 billion. About K1x, Inc. K1x is the leading data distribution platform for alternative investment tax compliance as well as the industry standard, IRS-certified solution for seamless tax-exempt filings.