Anrok Raises $30 million in Series B Funding [Video]

Source: https://www.intelligence360.io/ and https://intelligence360.news/

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 others including Karen Peacock, former CEO of Intercom, David Faugno, former CFO of Qualtrics and current president of 1Password, Alex Estevez, former CFO of Atlassian, and Elad Gil. This funding will further enable the company to power global tax compliance in a world of digital products and services.

Michelle Valentine, co-founder and CEO of Anrok said in a statement, “Software companies are global from day one. When you look at the complexities required to manage recurring revenue and compliance, it is clear the digital economy needs a dedicated enterprise-grade solution,” “I’m excited to scale Anrok’s operations and continue to serve the evolving needs of finance teams worldwide.” Anrok solves the sales tax problem for hundreds of software companies with an end-to-end solution for monitoring, calculating, collecting, and filing taxes. In the past year, the company has expanded its platform with a reconciliation tool, advanced tax exemption certificate management, and support for VAT and GST compliance in every country that taxes remote sellers of software or digital products. Based in San Francisco, CA, Anrok has raised $55 million from the world’s top investors – including Khosla Ventures, Index Ventures, and Sequoia Capital.