Anrok Secures $4.3M In Seed Funding, Launches Modern Sales Tax Solution For Saas Businesses
PRIVATEJun 14, 2021
Amount Raised
$4.3 Million
Round Type
Seed
San FranciscoOtherSoftware
Description
Anrok, the sales tax solution built specifically for software-as-a-service (SaaS) businesses, today announced the launch of its new platform, along with $4.3M in seed funding co-led by Index Ventures and Sequoia Capital. The platform, which allows internet businesses to determine, calculate, and manage ever-shifting sales tax obligations, arrives at a time when internet SaaS businesses are facing a major shift in the taxability of software.
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Company Information
Company
Anrok
Location
San Francisco, California, United States
About
Anrok is the global sales tax solution for modern commerce. With Anrok, finance leaders can easily monitor, calculate, and remit tax across any financial stack.
By connecting your invoicing, payment, and employee systems to a single platform for tax compliance, businesses can automate the manual work and reduce unnecessary expenses around sales tax and VAT. Take tracking remote employees for example. With Anrok, you can just click a button and set up alerts for whenever you hire a remote employee in a jurisdiction that taxes your software products.
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San FranciscoOtherSoftware