K1x, Inc. Announces Appointment of New Directors to its Board

Alt investment Data Distribution Leader Expands Board with Seasoned Fintech and B2B SaaS Executives

CHICAGO (PRWEB) March 23, 2023

K1x, the leading data distribution platform for alternative investments, today announced five new board members who are recognized leaders in B2B SaaS startups, fintech, and tax compliance. Fresh on the heels of its $15M in Series A funding, led by Edison Partners, K1x added John LaMancuso, David Eisner, Josh Linkner, Geralyn Hurd, and Jennifer Lee to its board of directors.​

Investors and their advisors are burdened by yesterday's analog processes and outdated technology–calling for a digital transformation that connects all parties to seamlessly exchange alternative investment data. K1x gives advisors the freedom to take back their time, unleash their talent, and unburden investors from late information and hidden costs.

K1x CEO, John LaMancuso said, "With leading AI automation from K1x, forward-looking institutional investors and accounting firms are already slashing their operating expenses and better managing the challenges of today's human capital constraints, compliance risks, and elevated investor expectations. We have assembled a superstar board that will guide us and apply their unique insights to further benefit our customers who deserve better than the complexity, chaos, and lack of transparency that is sadly common in our industry. Our future, and the future of our customers, could not be brighter!"

As the former Assistant Secretary for ​Management of the U.S. Department of the Treasury​ and three-time fintech CEO, David Eisner brings a unique perspective and deep knowledge of US federal tax and compliance policy and technology as well as invaluable expertise at growing and scaling early-stage financial companies. "K1x has proven its position as a market leader in the alternative investment data distribution category, serving top tier financial services firms across multiple segments," said Mr. Eisner. "I am confident that together with John LaMancuso and his great team, K1x will become a breakout B2B fintech in the coming years."

Josh Linkner is a Co-founder and Managing Partner at Muditā Venture Partners, Co-founder & Chairman of Platypus Labs, and a two-time New York Times best-selling author and speaker. As a successful entrepreneur and investor, Mr. Linkner adds crucial experience guiding B2B SaaS companies to rapid growth. "Emailing, downloading, and manually keying data from inconsistently formatted PDF tax forms has been the norm for capital asset managers, investors, accountants, corporate investors, and wealth managers. K1x arrived just in time to disrupt this industry and remove costs, time, and headaches and to restore sanity and transparency. I could not be more excited about the future for K1x and I look forward to helping them grow," said Josh Linkner.

Geralyn Hurd, K1x President and Co-founder said, "Business as usual is not working for anyone right now. Investors lack transparency in understanding their after tax ROI. Tax and compliance professionals are squeezed by unprecedented understaffing, crazy work volumes, and merciless deadlines. We are building a world where people can escape this chaos--freely exchanging tax, reporting, and compliance data, drama-free."

Jennifer Lee is a Partner leading fintech investments at Edison Partners. She was recognized by Kayo Top 22 in '22 Women in Fintech, VCJ Rising Stars 2021, NJBIZ 40 Under 40 in 2020, the Business Insider as 2019's Rising Stars of Wall Street, NY Fintech Women's Inspiring FinTech Females of 2021 and 2019, a finalist for Finovate's Fintech Woman of the Year for 2019, and was named to WSJ's Women to Watch in Private Equity in 2018. "Because the process to produce, receive, and file IRS Schedule K-1s and 990s is so manual, and the deadlines are so compressed, organizations bear unnecessary costs and risk exposure to damaging fines. K1x is solving an important, unmet need at the center of the alternative investment market by automating away the most difficult part of the data distribution challenge. Institutional investors and advisors everywhere can benefit from the K1x AI-powered platform."

About Edison Partners
Edison Partners is a leading growth equity firm providing the financial and intellectual capital that CEOs and their executive teams need to grow and scale their companies. The firm's team brings more than 275 years of combined investing, operating and sector experience to each investment, accessible via the Edison Edge value creation platform, which is tailored to each business' strategy, stage and operating needs. Edison targets high-growth financial technology, healthcare IT and vertical SaaS and marketplace companies located outside Silicon Valley with $10 million to $30 million in revenue. Investments also include buyouts, recapitalizations, spinouts, and secondary stock purchases. Edison's active portfolio has created aggregated market value exceeding $10 billion. Edison Partners manages $1.6 billion in assets. For more information on Edison Partners, please visit edisonpartners.com and follow on LinkedIn.

About K1x, Inc.
K1x is the leading data distribution platform for alternative investments. The fintech company's 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. Backed by Edison Partners, K1x is trusted by more than 6000 organizations including 20 of the top 100 the largest institutional investors in the US, 39 of the top 400 accounting firms, 10 of the top 50 private foundations and family offices, 19 of the top 25 university endowments, 7 of the top 40 health systems, and 10 of the top 50 private foundations. Visit us at K1x.io and follow us on LinkedIn.

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