TurboAppeal, a Chicago, IL-based residential property tax appeal technology service, raised $3m in seed funding.
The round was led by KGC Capital with participation from Ned Jannotta Jr., and existing investors Gary Holdren, Hyde Park Venture Partners, and Hyde Park Angels. In conjunction with the funding, Gary Holdren, has joined TurboAppeal’s board of directors.
The company intends to use the funds to accelerate its expansion plans (into Colorado, Georgia, Indiana, Maryland, Pennsylvania, Virginia, and Washington in 2016) and product development.
TurboAppeal provides technology to improve results while making their experience very simple and transparent. At its core, the that is proprietary to
Founded in 2015 by Badal Shah, CEO, TurboAppeal leverages machine-learning algorithm that to provide property owners with a solution to reduce property tax costs. It does it by continually mining through property data to ensure the most accurate evidence for a property tax appeal is generated.
The company currently serves homeowners in select counties in Illinois, Florida, and most recently, Texas.