Blue J raises $176 million to scale its agentic tax AI and expand in the UK, in a round that values the Toronto-based company at more than $700 million.
Blue J, the Toronto-based tax research and advisory platform, said it has raised $176 million in Series E capital. JMI Equity led the round, and existing investors Oak HC/FT and Sapphire Ventures took part, along with Intrepid Growth Partners, LawNext reported.
LawNext reported that the round values the company at more than $700 million. Artificial Lawyer gave the valuation as $700 million, said it is more than double the $300 million valuation from 2025, and said it understands total funding is now around $315 million.
Blue J said it will use the money to scale Workflows, its agentic AI for tax work, and to expand in the United Kingdom and internationally. According to LawNext, Workflows agents can review returns before filing, prepare IRS notice responses, analyze partnership, LLC and trust agreements, assess multistate nexus and draft client communications. LawNext reported that the output includes supporting sources and lets users inspect the steps taken.
Blue J says more than 6,500 organizations use its platform, including Big Four firms and Fortune 100 companies, and that annual recurring revenue grew 165% in the 15 months leading up to the Series D. The company says it has doubled its team over the past year and expects to exceed 200 employees by year-end, LawNext reported. Jack Duane of JMI Equity will join the board; JMI is also an investor in Agiloft and Clio.
The raise follows an October integration with Legora. LawNext reported that Legora customers with a Blue J subscription can query Blue J from within Legora and receive answers with inline citations, via an integration built on the Model Context Protocol. Artificial Lawyer quoted Legora as saying it is not moving into tax.
