Accrual brings AI-native automation to the accounting profession by unifying tax preparation and review into one system. Its AI agents function as preparers, ingesting messy client inputs such as complex K-1s, 1099s, spreadsheets, emails, photos, and multi-hundred-page statements, then organizing the information, identifying missing data, and generating draft returns ready for a CPA's review. The platform integrates with existing tax engines rather than replacing them and is currently focused on individual returns. Founded by Cosmin Nicolaescu and Siddarth Chandrasekaran and headquartered in San Francisco, Accrual launched out of stealth in February 2026 with $75M in funding led by General Catalyst, alongside Go Global Ventures, Pruven Capital, and Edward Jones Ventures.
Accrual
ActiveAI-native platform unifying tax prep and review for accounting firms
Total raised
$75M
1 round
Stage
Venture
Feb 2026
Team
11-50
since 2024
Pricing
Enterprise
Founded
2024
San Francisco, United States
Agent-ready
—
AI preparer agents
Reads K-1s, 1099s, and statements
Organizes and classifies client inputs
Flags missing data
Generates draft returns
Integrates with existing tax engines
Individual return support
Preparation and review in one system
10/100
Early
MCP server
Public API
Webhooks
OAuth 2.0
SDKs
No public agent surfaces detected yet.
Feb 2026 Venture $75M ● General Catalyst
Capital network
$75M raised ·4 backers·10 network links
- Backers4
- Shared portfoliocompanies these backers also fund
- Extended networkfunds that co-invest alongside them
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- What does Accrual do?
- It uses AI agents to prepare and review individual tax returns for accounting firms, integrating with existing tax engines.
- How much has Accrual raised?
- Accrual launched in February 2026 with $75M led by General Catalyst.
- Does it replace my tax software?
- No, Accrual integrates with existing tax engines rather than replacing them.
- Who founded Accrual?
- It was co-founded by Cosmin Nicolaescu and Siddarth Chandrasekaran.
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