Anrok, a San Francisco, CA-based sales tax solution for software-as-a-service (SaaS) businesses, raised $20M in funding, with a valuation north of $100M.
The funding was led by Index Ventures and Sequoia.
The company intends to use the funds to further extend its product offering for customers and expand its team.
Led by Michelle Valentine, co-founder and CEO, Anrok provides an end-to-end platform gives SaaS businesses everything they need to manage sales tax out of the box. From monitoring sales and transactions against state-specific thresholds as well as tracking how remote employees impact their sales tax exposure, finance leaders can be automatically alerted when new obligations emerge. Its automated solution enables businesses to register in new states directly within the platform, saving hours of time and linking registration workflows with when sales tax collection begins.
Industry-leading companies such as Airbase, AgentSync, Front, Gem, Persona, Productboard, and Vanta use Anrok to monitor sales tax exposure, calculate sales tax across their invoicing tools, and file and remit on their behalf.
FinSMEs
01/03/2022