Avalara raises $96M

What does Avalara do?

Avalara, is a sales tax automation company. This is a cloud based software provider which delivers broad array of compliance solutions which are related to sales tax. Sales Tax is complicated but this company makes it easy for businesses of every size by creating cost-effective solutions which integrate with users current software. This provides accurate tax compliance, transparent transactions, effortless reporting and painless administration. The company offers complete service sales tax management tools using progressive technology for automating the burden of statutory transactional tax compliance. AvaTax, their flagship product has become the automated sales tax compliance solution for businesses globally. The company leads market and integrates into more e-commerce and financial applications than any other services or products available. The company is originally focused on the requirements of small and medium organizations. Their services can be used by businesses of any size and varying complexity levels.

How much Avalara was funded?

The company raised $96M on September 22, 2016 from Arthur Ventures,  Sageview Capital, Battery Ventures, Warburg Pincus and Technology Crossover Ventures (TCV).

Previous funding

$4.9M in undisclosed round on May 27, 2010

$20M in undisclosed round on June 27, 2012 from Battery Ventures

$425.36k in undisclosed round on January 8, 2013

$30M on February 13, 2014 from Battery Ventures,  Arthur Ventures and Sageview Capital.

$26.3M on May 13, 2014 from Battery Ventures and Sageview Capital

$100M on November 10, 2014 from Warburg Pincus

$42M on January 20, 2015 from Technology Crossover Ventures (TCV) and Warburg Pincus

What is next for Avalara?

The company plans to use $46 M for repurchasing shares from early investors and $50 M for growth and acquisition.

More about Avalara

Avalara was founded in In 2004 by Rory Rawlings, Jared Vogt and Scott McFarlane. It has its headquarters in Bainbridge Island, WA.