iscover SavvyWise completes oversubscribed seed round at $10m valuation
TechnologyAustralian tax research AI platform SavvyWise recently undertook and completed a seed round in excess of $600,000, at a $10 million valuation, ahead of a “massive” few months for the business.
Founded in mid-2025 by Drew Pflaum, CPA (pictured, a former director at Munro’s) and AI developer Agastya Patel, AI tax research platform SavvyWise is reaching new heights.
Following a successful launch campaign in November and December 2025, SavvyWise found itself not needing to raise capital to continue growth, and turned down a $2 million VC offer, given the “strong desire to remain hyper-focused on improving the platform for Australian accountants”.
Despite not needing to raise, the two founders wished to share the benefits of the journey with family, friends, employees and customers, and after receiving “an early Christmas present” in the form of an unsolicited subscription upgrade by an accounting firm, the pair started the process of raising an intentionally smaller round of $250,000 to $500,000 from family, friends, employees and accountants.
Following this, they had commitments exceeding their minimum target and a few weeks later the round was over-subscribed. Now, the platform has completed a seed round in excess of $600,000, and at a $10 million valuation.
SavvyWise is already putting that funding into action, with a focus on reaching accountants who have not yet heard about the platform, expanding its exclusive, expert commentary library for users, and implementing technological advancements and security.
New features, the platform said, are already being tested internally and will be coming to the user platform over the next few weeks.
Reflecting on the funding and next steps, Pflaum said Savvywise had “a MASSIVE” couple of months ahead.
“We look forward to all the new accountants that join the journey and, in the not-too-distant future, giving more accountants and the general public the opportunity to become an investor in SavvyWise too,” he said.
“Thank you to the accountants and friends who have participated in the Seed round, and especially to all the accountants who have provided early feedback to help build out SavvyWise's roadmap to power the AI-assisted future of Australian tax research.”
Since November 2025, SavvyWise has received sign-up interest from over 1,500 accountants and 500 accounting firms.
Jerome Doraisamy
Jerome Doraisamy is the managing editor of Momentum Media’s professional services suite, encompassing Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times. He has worked as a journalist and podcast host at Momentum Media since February 2018. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
