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About Anrok
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$52.8M
Headquarters
San Francisco, California
Founded
2020
Overview
Anrok automates sales tax compliance specifically for Software as a Service (SaaS) companies. Its platform connects with billing systems like Recurly to provide real-time sales tax calculations, ensuring that invoices are accurate and adhere to local tax laws. This automation helps businesses save time, minimize the risk of non-compliance, and focus on their growth instead of administrative tasks. Anrok operates on a subscription model, which allows it to generate recurring revenue while continuously delivering value to its clients. The company has gained significant investment, including a $30 million Series B round, indicating its rapid growth and the rising need for its services.
Simplify's Take
What believers are saying
- Anrok raised $30 million in Series B funding led by Khosla Ventures.
- Growing demand for automated tax solutions as SaaS companies expand globally.
- Subscription-based model provides stable and predictable revenue streams.
What critics are saying
- Increased competition from established firms like Avalara and Vertex.
- Potential regulatory changes in key markets like the EU and US.
- Dependency on third-party integrations like Recurly and Chargebee.
What makes Anrok unique
- Anrok specializes in automating sales tax compliance for SaaS companies.
- The platform integrates seamlessly with billing systems like Recurly and Chargebee.
- Anrok offers a unified platform for monitoring, calculating, and remitting sales taxes.
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Funding
Total Funding
$52.8M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Flexible Sick Leave
Professional Development Budget
Home Office Stipend
Meal Benefits
Hybrid Work Options
Company Equity
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 4%2 year growth
↓ -1%Anrok, a global sales tax platform for software companies, announced it has raised $30 million in a Series B funding round led by Khosla Ventures.
Anrok raises a $30M Series B led by Khosla Ventures, to be the tax compliance infrastructure behind the digital economy.
SAN FRANCISCO--(BUSINESS WIRE)--Anrok, the global sales tax platform for software companies, has raised $30 million in a Series B funding round led by Khosla Ventures, with participation from Sequoia Capital, Index Ventures, and others including Karen Peacock, former CEO of Intercom, David Faugno, former CFO of Qualtrics and current president of 1Password, Alex Estevez, former CFO of Atlassian, and Elad Gil. This funding will further enable the company to power global tax compliance in a world of digital products and services. “Software companies are global from day one. When you look at the complexities required to manage recurring revenue and compliance, it is clear the digital economy needs a dedicated enterprise-grade solution,” said Michelle Valentine, co-founder and CEO of Anrok. “I’m excited to scale Anrok’s operations and continue to serve the evolving needs of finance teams worldwide.”. Anrok solves the sales tax problem for hundreds of software companies with an end-to-end solution for monitoring, calculating, collecting, and filing taxes
Anrok integrates with Chargebee to bring sales tax automation directly into your billing system, no code required.
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
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About Anrok
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$52.8M
Headquarters
San Francisco, California
Founded
2020
Anrok is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today