This story is available exclusively to Business Insider subscribers.
Become an Insider and start reading now.
- Tax management startup Incentify has raised $4.25 million in a funding round backed by consulting firm Ryan LLC.
- The California-based firm helps clients understand the kinds of government tax credits and incentives they can use to save money — and says companies are currently missing out more than $1 trillion in savings.
- Brint Ryan, founder and CEO of Ryan LLC, told Business Insider: “We invested because they wouldn’t sell us the whole company.”
- We got an exclusive look at the pitch deck Incentify used to bring investors on board.
- Visit Business Insider’s homepage for more stories.
Enterprise startup Incentify announced Tuesday it had raised $4.25 million in a funding round backed by Ryan LLC and a string of angel investors.
Founded in 2019, California-based Incentify provides clients with an easy-to-navigate platform, helping them to better understand the kinds of government tax credits and incentives they can use to save money.
The firm — which boasts big-name clients such as ViacomCBS and Tyson Foods — estimates US businesses cumulatively miss out on $1.4 trillion in such deductions each year.
Ryan LLC – led by chief executive Brint Ryan – made up most of the firm’s latest seed round, with $2.7 million of investment.
“We invested because they wouldn’t sell us the whole company,” Ryan told Business Insider this week. “We’ve been in the credits and incentives business for a long time, but this is the first platform we’ve seen that we thought could truly make a difference to the way things are done.”
With this fresh round of investment from Ryan LLC, as well as a string of angel investors, Sotsky said the firm would boost its headcount from 20 to 30 over the course of the coming year, and continue to scale in line with demand for its product.
Check out the pitch deck Incentify used to bring investors on board: