TaxCloud, a Norwalk, CT-based sales tax compliance platform for ecommerce businesses, raised $20m in growth equity funding.
The round was led by Camber Partners.
The company intends to use the funds to continue providing service to its customers, while expanding its product offerings, marketing efforts, and sales operations.
Led by newly appointed CEO Nate Gilmore, TaxCloud provides a platform that allows merchants to calculate, collect, and file sales and use tax for transactions in all 50 U.S. states and the District of Columbia. The company also manages audits as they arise. TaxCloud has been partnering with merchants in all 50 U.S. states and the District of Columbia for the past 15 years. The platform is now used by more than 4,000 ecommerce businesses.
Mr. Gilmore was most recently Chief Revenue Officer and Chief Marketing Officer of PandaDoc and previously VP Marketing at Shipwire (acquired by Ingram Micro, now a CEVA Logistics company).
FinSMEs
25/04/2023