TurboAppeal, a residential tax appeal technology service, has recently announced a $3 million series seed raise, led by KGC Capital with participation from Ned Jannotta Jr., and existing investors Gary Holdren, Hyde Park Venture Partners, and Hyde Park Angels. Gary Holdren has also joined TurboAppeal’s board of directors. It would be safe to say that the founders are pretty good at raising capital. The Chicago-based startup was founded in early 2015 and had already raised over $1 million dollars before they were even fully-functional. Early investors, such as @properties, the largest real estate brokerage firm in Illinois, recognized the need for the services that TurboAppeal provide. The plan is to use this latest round of funding to help expand their services nationally. Currently TurboAppeal only serves homeowners in select counties in Illinois, Florida, and Texas. With projected growth, they hope to be able to service an addressable market of 45 million homeowners by 2017 and 85 million by 2018. Another highlight for the TurboAppeal team this past year was being named a finalist at Tech.Co’s Startup of the Year Competition back in October. Frank Gruber, founder of Tech.Co, is an advisor to TurboAppeal.
