Inc. Avalara , (http://www) Avalara’s Com, a leading cloud-based sales tax and compliance technology provider, today announced that it has raised $30 million in a financing round led by existing investors, Battery Ventures and Sageview Capital. Including this round, Avalara has raised more than $100 million in funding since its founding in 2004. The investors included Battery, Sageview, and other organizations and individuals.
Avalara launched a web-based compliance platform for sales tax automation almost a decade ago and now provides a complete set of transactional tax compliance services for businesses of all sizes. Today, its SaaS solution integrates multiple ERP systems, accounting packages, e-commerce shopping carts, point-of-sale systems and mobile payment platforms.
Avalara Founder and CEO Scott McFarlane said, “Avalara is proud of its growth and is excited to complete this latest round of financing. This investment should help to expand our technology and integration capabilities and support growth ”
Last year, Avalara added and certified dozens of additional Development and Solution partners, further expanding its list of more than 300 pre-built integrations with leading financial, accounting and e-commerce systems. In addition, Avalara has again been recognized as one of North America’s fastest-growing companies, including Deloitte’s 2013 Technology Fast 500TM, the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Avalara earned this recognition by increasing the revenue of the fiscal year by more than 400 per cent from 2008 to 2012.
Every day, Avalara makes sales and VAT compliance simple and automatic for thousands of customers worldwide. Each year, its SaaS-based Sales Tax and Compliance Automation software solutions deliver billions of tax decisions, manage millions of exemption certificates, file hundreds of thousands of sales tax returns, and remit billions of tax dollars to nationwide states.
Recognized as one of America’s fastest-growing technology companies, Avalara is integrated with leading ERP and eCommerce software systems that serve millions of businesses worldwide. Founded in 2004 and privately owned, Avalara’s venture capital investors include Battery Ventures, Sageview Capital and other institutional and individual investors. Avalara employs more than 500 people at its headquarters in Bainbridge Island, WA and in offices across the U. Oh, S And in London, England, Pune, India, More information on: http://www Avalara’s Come on,
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