TurboAppeal Raises $1.5M From Chicago Investors to Bring Big Data to Property Tax Appeals

May13, 2015

TurboAppeal, a Chicago startup that helps home owners file their property tax appeals, announced Wednesday that it has raised a $1.5 million round of funding, which it received entirely from Chicago investors.

TurboAppeal launched earlier this year and uses big data algorithms to assist homeowners in gathering the most accurate evidence when filing their property tax appeals. Included in the $1.5 million round was Chicago-based @Properties, Hyde Park Angels, and Hyde Park Venture Partners. TurboAppeal said it plans to use the investment to expand into five more states within the next two years.

“We are passionately dedicated to helping homeowners,” CEO Badal Shah said in a statement. “We are the number one property tax appeal service for single family homes in Cook County, IL and I believe that is due to homeowners resonating with our data-driven, fully transparent approach. We are excited about our fast growth and we are expanding to Florida this year.”

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