When was Deduction founded?

Deduction was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is Deduction located?

Deduction is headquartered in Denver, United States.

Who is the current CEO of Deduction?

Jonathan Kieliszak of Deduction.

How many employees does Deduction have?

As of Aug 31, 2026, the latest employee count at Deduction is 12.

Is Deduction a funded company?

Deduction is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 19, 2025.

When was the latest funding round of Deduction?

Deduction's latest funding was a $***** Seed round on Nov 19, 2025, with participation from 2 investors. Its primary sector is Finance & Accounting Tech. In United States, the Finance & Accounting Tech sector has seen $3.36B in funding in 2026 to date.

Where does Deduction rank among its competitors?

Deduction ranks 40th amongst 463 active competitors, of which 33 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Mükellef, which secured an undisclosed amount in Dec, 2025.

Who are the top competitors of Deduction?

Deduction's top competitors include Liberty Tax, India Fillings and Clear. Among them, Mükellef secured the most recent funding round in December, 2025.

Deduction - 2026 Company Profile, Team, Funding & Competitors

Deduction is a seed company based in Denver (United States), founded in 2024 by Jonathan Kieliszak. It operates as a Provider of AI-powered tax preparation and filing services with CPA oversight. Deduction has raised $2.8M in funding from One Way Ventures and Creator Ventures. The company has 463 active competitors, including 33 funded and 9 that have exited. Its top competitors include companies like Liberty Tax, India Fillings and Clear.

Company Details

Provider of AI-powered tax preparation and filing services with CPA oversight. The service organizes financial documents and offers advice throughout the year. Returns are verified by professional CPAs to ensure accuracy. The platform secures sensitive information and provides a vault for document storage.

Website: deduction.com
Email ID: *****@deduction.com

Key Metrics

Founded Year

2024

Location

Denver, United States

Stage

Seed

Total Funding

$2.8M in 1 round

Latest Funding Round

Seed, Nov 19, 2025, $*****

Investors

One Way Ventures & 1 more

Ranked

40^th among 463 active competitors

Employee Count

12 as on Aug 31, 2026

Similar Companies

Clear & 429 more

View Deduction's full profile

Deduction has raised a total funding of $2.8M over 1 round. Its latest funding round was a Seed round on Nov 19, 2025 for $*****. 2 investors participated in its latest round. Deduction has 2 institutional investors.

Here is the list of recent funding rounds of Deduction:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 19, 2025	8603672	Seed	9779946	4527678	3424482	9802900

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View details of Deduction's funding rounds and investors

The founders of Deduction is Jonathan Kieliszak.

Here are the details of Deduction's key team members:

Jonathan Kieliszak: CEO & Co-Founder of Deduction.
Contact Info: 1 email address

View details of Deduction's Founder profiles and Board Members

Deduction's employee count trend

Deduction has 12 employees as of Aug 26. Here is Deduction's employee count trend over the years:

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Top competitors of Deduction include Liberty Tax, India Fillings and Clear. Here is the list of Top 10 competitors of Deduction, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Liberty Tax 1997, Virginia Beach (United States), Acquired	Tax management services for businesses	$14M	Edison Partners, Vintage Capital Management ... & 2 others	72/100
2nd	India Fillings 2014, Chennai (India), Series A	Provider of a business registration, compliance, and taxation platform	$7.27M	ICICI Bank, Beenext & 20 others	71/100
3rd	Clear 2011, Bengaluru (India), Series C	Provider of software for tax compliance and financial process automation	$146M	Elevation Capital, FundersClub & 28 others	71/100
4th	ClearTax 2011, Bengaluru (India), Unfunded	AI-powered platform offering income tax filing, GST compliance, invoicing, tax planning, and financial solutions	-	-	68/100
5th	Taxfix 2016, Berlin (Germany), Series D	Provider of application for completing and submitting tax returns	$330M	Valar Ventures, Creandum & 8 others	64/100
6th	JJ Tax 2019, Gurugram (India), Seed	Provider of an app-based platform for taxation services	$1.52M	Hrishita Investment Advisory, Methods Apparel Consultancy ... & 76 others	61/100
7th	Thriday 2019, Melbourne (Australia), Acquired	Provider of banking, invoicing, accounting, and tax management platform	$9M	National Australia Bank, Lempriere Wells & 1 others	58/100
8th	Sphere 2021, San Francisco (United States), Series A	Online platform offering leadership training	$25.3M	Felicis Ventures, Andreessen Horowitz & 2 others	54/100
9th	Mükellef 2019, Istanbul (Turkey), Seed	Provider of company formation, online accounting, and tax management services	$1M	The FinBerg, Trkiye Kalknma Fonu & 10 others	54/100
10th	Befiler 2018, Karachi (Pakistan), Seed	Online tax filing portal for individuals and businesses	$1.5M	Lakson Investments, Cistech Capital & 1 others	53/100
40th	Deduction 2024, Denver (United States), Seed	Provider of AI-powered tax preparation and filing services with CPA oversight	$2.8M	One Way Ventures, Creator Ventures	32/100