70% of US taxpayers fear an audit by the IRS, but existing tax insurance isn't available for Small Offices / Home Offices (SOHOs). InsureTax's proprietary tax actuary and online underwriting platform remove the tax insurance cost barrier and provide immediate protection against random tax audits by the IRS to the mass market. Status. 1. MVP Ready - please go to www.insure.tax and click check our prices 2. Successful POC - $30K in GWP via cpa in few weeks. paused until regulated 3. Partnerships: - Mission Underwriters: will provide a license and pay us a setup fee of $300K to start the series https://missionunderwriters.com/ - Micro Insurance + Green Light: Lloyds Syndicates - Provide reinsurance and line slip -- Green Light - https://www.greenlightinsurance.co.uk/ -- Mic Insurance - https://www.micglobal.com/ - USI - 4th largest broker in US. - usi.com 4. Expected Dealflow: - $300k from mission underwriters for starting a series. - Over 6,000 customers est @ $8M annual GWP from our CPA partners. 5. Fundraising 5.1 Quick round: $2M - $2.5M @ $6M pre. Intention to move quickly, create initial traction and then expand the round to 3M at a higher valuation. Interested parties: - $500K by RUNI - Reichman University Ventures - I'm a graduate. - $750K by ffVC - New York-based VC - $250K By Shawn Sabin - $100K Madanes Also - $750K SureTech - time is a constraint for them. They asked for an option. up to $500K. Some angels. 5.2 Extension: $1.5M @ est. $9M pre. With initial traction. Estimated Interested parties: - SureTech - Fin Capital - Viola Credit - SeedIL - NFX - iAngels. - Angels.
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