Blog
K1x 2024 Year in Review

BY Scott Turner
January 16
K1x 2024 Year in Review: Celebrating Milestones and Growth
As we close out another incredible year, we at K1x are excited to reflect on 2024—a year of growth, innovation, and deeper connections with our customers and community. From record-breaking increases in revenue to product advancements that redefine tax compliance technology, here’s a look at what made 2024 such a monumental year for K1x and our customers.
A Record-Breaking Year for Growth
As ever more customers relied on K1x to automate away the pain of alternative investment tax compliance, 2024 marked an extraordinary leap for us. Headlining the year for us is our 70% ARR CAGR and 122% NRR CAGR, placing K1x in the Top 10% Growth among all SaaS of similar size*.
“It is amazing what happens when a team joins forces to focus on the pain and unmet needs of their customers. The growth that K1x is experiencing is a testament to John LaMancuso and his team’s commitment to improving the efficiency and professional satisfaction of the tax preparation community.”
-K1x Board Chair and Former Assistant Secretary for Management at U.S. Department of the Treasury, David Eisner
Customer Growth
This year, we deepened our commitment to serving our tax compliance customers. Our client highlights for 2024 include:
- 87 top accounting firms, including 20 of the Top 25, and two of the Big Four
- 79 leading universities and endowments, demonstrating our leadership in supporting higher education institutions
- 85 top institutional investors who rely on K1x to handle their most challenging tax workflows.
We were also honored to host the K1xChange Leadership Summit, where we brought together tax and innovation leaders from the Top 25 firms to share ideas, insights, and strategies for the future of tax compliance.
Users: A Growing Community
Our user base doubled in 2024, as more organizations embraced the power of automation through K1x:
- 101% more users joined the K1x platform compared to last year, solidifying K1x as the trusted choice for tax professionals.
- 742 individuals attended one or more of the 20+ K1x Community events, including webinars, training sessions, and peer discussions that foster collaboration and learning.
The continued engagement and excellent product innovation ideas from our users inspires us every day to raise our game.
Products: Innovation with Our First Patent to Prove It
Innovation has always been at the heart of what we do, and this year we took giant leaps forward:
- The K1x team was awarded a patent for our “machine learning system for summarizing tax documents with non-structured portions.” This groundbreaking achievement is a testament to our leadership in tax technology.
- If you’ve used K1 Aggregator® to extract and aggregate K-1 data, you’re already experiencing the benefits of this patented technology—faster, more accurate, and seamless tax workflows.
- 60% more K-1s processed compared to 2023, showcasing our ability to handle unprecedented transaction volumes with speed and precision.
- 76% growth in IRS-certified efiles using 990 TRACKER®
- 80+ customer innovation ideas brought to life
- New integrations to UltraTax and ProSystem fx. New API too!
“K1x is running up the score in tax technology innovation, delivering not only what customers ask for but also groundbreaking solutions they hadn’t yet imagined”, said K1x Board Member and Managing Partner of Muditā Venture Partners, Josh Linkner. “Best of all, they are doing it at scale. This is product-market fit in action.”
Service and Support: Elevating the Customer Experience
Customer satisfaction remains a top priority, and we’re proud of the strides we made in 2024 to deliver even better service:
- 42% faster resolution time for support tickets compared to last year, ensuring our customers get the help they need, when they need it.
- A growing knowledge base of 350 K1x support articles, empowering users to find answers quickly and efficiently.
- A stellar 95% customer satisfaction rating, reflecting the trust and confidence our customers have in K1x.
- Launched trust.k1x.io, a centralized hub for up-to-date security and procurement information, reinforcing our commitment to transparency and reliability.
K1x Board Member and Edison Partner, Jennifer Lee said, “Across the organization, the K1x team sweats the details—the difference makers that compound to build tremendous value for their customers. Excellent execution by the product, customer-facing support, and the entire K1x team across the board.”
Looking Ahead
As we reflect on 2024, we’re reminded of the incredible achievements, innovations, and relationships that shaped our year. From processing record-breaking K-1 volumes to earning a patent for cutting-edge technology, every milestone has been fueled by our mission to transform tax compliance for the better.
As K1x CEO, John LaMancuso said, “This team is doing something extraordinary. We are helping a challenged industry built on old tech and old processes by providing rock-solid solutions that modernize tax compliance for alternative investments. As happy as I am to help our clients escape the chaos in this industry, I’m also thrilled we are doing our part to eliminate this friction in US capital markets.”
We’re energized for what’s ahead in 2025. Whether it’s continuing to innovate, expanding our community, or supporting our customers with the best tools and resources, we’re excited to keep raising the bar.
Thank you for being part of this journey. Let’s make 2025 even more remarkable—together.
About K1x, Inc.
K1x is the leading data distribution platform for alternative investments tax compliance. The fintech company’s patented, AI-powered SaaS solution digitizes and distributes data seamlessly–connecting investors, advisors, tax software, portals, accounting firms, IRS and state taxing authorities–simplifying complex processes, accelerating filings, reducing costs, and delivering greater control, transparency, and accessibility. K1x is battle-tested by the best, and trusted by more than 8000 organizations including 44 of the 100 largest institutional investors in the US, 20 of the top 25 accounting firms, 11 of the top 100 private foundations, 45 of the top 100 university endowments, and 7 of the top 40 health systems. Visit us at K1x.io and follow us on LinkedIn.
Sources:
2024 SaaS Capital Benchmark Report *
2024 OpenView/High Alpha Benchmark Report *