Avalara Raises $20M in Growth Financing
Avalara, a Bainbridge Island, WA-based provider of sales tax automation services in the cloud, has raised $20m in growth financing.
The round was led by Battery Ventures.
In conjunction with the funding, Chelsea Stoner, Battery Ventures Partner, will join the company’s Board of Directors.
Founded in 2004 by CEO Scott McFarlane, Avalara , Avalara provides a web-based solution that integrates into more than 200 accounting and business applications that span all platforms, including enterprise resource planning (ERP), ecommerce, point of sale (POS), mobile (smart phone applications) compliance (tax returns), and customer relationship management (CRM) systems. The company also provides an Application Programming Interface (API) and software development kit (SDK) for customized integrations to virtually any platform.
It employs more than 275 professionals at its headquarters on Bainbridge Island, and offices in Seattle WA; Irvine, San Diego and Rocklin, CA; Falls Church, VA; and Pune, India.