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Battery, Sageview lead $30m funding round for Avalara

13 Feb 2014

computer code softwareCloud-based sales tax and compliance technology provider Avalara has secured $30m in a funding round led by Battery Ventures and Sageview Capital.

Since its launch in 2004 the Bainbridge Island, Washington-based company has raised more than $100m.

Avalara provides of transactional tax compliance services for businesses of all sizes. Its software integrates into numerous ERP systems, accounting packages, ecommerce shopping carts, Point of Sale systems, and mobile payment platforms.

The company’s revenues increased more than 400 per cent between 2008 and 2012.

Avalara CEO and founder Scott McFarlane said that the investment “should help extend our technology and integration capabilities and support growth.”

Battery’s recent investments include participation in social media management platform Sprinklr’s $17.5m Series C round last November.

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