Techstars LA Alum ComplYant Wants to Ease Small Businesses’ Tax Pains

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

ComplYant
Image courtesy of ComplYant

ComplYant, a fintech startup that rose out of accelerator Techstars’ Los Angeles program, has raised a $5.5 million seed funding round, the company told dot.LA.

While San Francisco-based venture capital firm Craft Ventures led the round, two notable L.A.-based VCs, Mucker Capital and Slauson and Co., also participated. Techstars—which helped launch ComplYant through its L.A. accelerator program last year—also chipped in.


ComplYant founder Shiloh Johnson.

Image courtesy of ComplYant

ComplYant sells software that helps small businesses manage taxes, licensing fees and annual reports. The L.A.-based startup, which was founded in 2019 by former accountant Shiloh Johnson, claims it already helps thousands of customers avoid more than $4 million in late fees and penalties annually.

Johnson initially bootstrapped ComplYant while running a tax practice during the daytime, the founder and CEO told dot.LA. As an accountant with no previous tech background, Johnson initially turned to coding instruction platform Codecademy to design ComplYant herself, before eventually recruiting a contractor to write the code.

“Solo founding is rough, I will be honest,” Johnson said. “What I lacked in engineering awareness, I made up for in subject matter expertise, so I could get away with hiring people to step in.”

In addition to Techstars, ComplYant also worked its way through L.A.-based accelerator Grid110’s inaugural South L.A. cohort in 2020. Johnson is one of the few Black women startup founders who raised more than $1 million in venture capital funding last year, according to Business Insider.

“Especially in L.A., I find that founders tend to come from the industry that they’re solving problems for,” Craft partner Michael Tam told dot.LA. “Shiloh is the epitome of that.”

Subscribe to our newsletter to catch every headline.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Why Women’s Purchasing Power Is a Huge Advantage for Female-Led Leagues
Samson Amore

According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
LA Tech Week Day 5: Social Highlights
Evan Xie

L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

Here's what people are saying about the fifth day of L.A. Tech Week on social:

Read moreShow less

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

LA Tech Week: How These Six Greentech Startups Are Tackling Major Climate Issues
Samson Amore

At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear.

The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.

Read moreShow less
https://twitter.com/samsonamore
samsonamore@dot.la
RELATEDEDITOR'S PICKS
Trending