TaxJar, a distributed sales tax automation company for eCommerce businesses and developers, closed a $60m growth equity round of funding.
Insight Venture Partners made the investment.
The company intends to use the funds to continue to hire and expand its 100% remote team of nearly 60 in addition to accelerating product development, research, and go-to-market for their new mid-market offering, TaxJar Plus.
Led by Mark Faggiano, founder and CEO, TaxJar provides automated sales tax solutions for eCommerce business, developers and accountants. Its technology provides customers with a multi-channel sales tax experience, real-time sales tax calculations.
As a fully-distributed company, TaxJar offers TaxJar Reports, a multi-channel reporting feature that organizes sales tax data into return-ready state reports; TaxJar AutoFile, a service that automatically files sales tax returns in any US state; and SmartCalcs API, a sales tax calculations API for developers.
TaxJar has also introduced an automated and free tool for businesses to instantly view where they may have economic nexus with the TaxJar Sales & Transactions Checker.