Anrok raises $30M in a Series B funding round led by Khosla Ventures to power global tax compliance in the digital economy

Apr 11, 2024•over 1 year ago

Amount Raised

$30 Million

Round Type

series b

San FranciscoSoftware

Investors

Elad GilAlex EstevezDavid FaugnoKaren PeacockIndex VenturesSequoia CapitalKhosla Ventures

Description

Anrok, the global sales tax platform for software companies, has raised $30 million in a Series B funding round led by Khosla Ventures, with participation from Sequoia Capital, Index Ventures, and other investors. This funding will further enable the company to power global tax compliance in a world of digital products and services.

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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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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