Taxnova, a London-based fintech that simplifies the process of claiming research and development (R&D) tax credits, has raised $1m (£720,000) following completion of a prominent accelerator programme.
The startup’s service works by connecting to tools including GitHub, Jira, Linear, Slack, and Notion to extract evidence of qualifying R&D work.
Taxnova said its platform identifies projects, generates technical narratives, calculates eligible costs, and produces documents ready for audit.
“Taxnova AI-powered platform extracts data from your existing systems to maximise R&D tax claims without wasting engineers’ time,” said George Nichkov, co-founder and chief executive of Taxnova. “75% of time is lost on data collection and we are solving this bottleneck.”
The company secured its new funding having completed the a16z speedrun accelerator run by Andreessen Horowitz. Alongside a16z, Taxnova has received funding from s16vc, Karaoke Club and angels.
