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About Numeral
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$53.6M
Headquarters
San Francisco, California
Founded
2023
Overview
Numeral provides a subscription-based sales tax management platform for ecommerce businesses. It connects all sales channels, continuously monitors for economic nexus, flags when tax collection is required, and automates monthly remittance, while also offering resolution services and educational resources. The platform aggregates data from various sales channels, applies state tax rules to determine nexus, and handles tax remittance on a recurring schedule, backed by CPAs, former product managers, and ecommerce operators. Its goal is to simplify and automate sales tax compliance across multiple states, reducing risk and helping ecommerce businesses stay compliant.
Simplify's Take
What believers are saying
- Global VAT expansion beyond US sales tax opens international SaaS and ecommerce markets.
- Series B $35M funding at $350M valuation accelerates AI automation and market penetration.
- Direct integrations with Shopify, Stripe, QuickBooks consolidate data for real-time nexus tracking.
What critics are saying
- Zamp's fully managed service with dedicated tax pros captures scaling clients seeking hands-off compliance.
- TaxCloud's SST certification and lower pricing undercut Numeral's per-filing model in cost-sensitive segments.
- State portal rejections of third-party automation force manual workarounds, breaking Numeral's five-minute promise.
What makes Numeral unique
- Flat-fee pricing ($75/filing, $150/registration) eliminates surprise costs as businesses scale.
- CPA-designed platform with 24/7 support delivers compliance in under five minutes monthly.
- Compliance guarantee covers penalties and interest if taxes file late or incorrectly.
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Funding
Total Funding
$53.6M
Meets
Industry Average
Funded Over
3 Rounds
Benchmark
Y CombinatorIndustry standards
Benefits
Remote Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -8%1 year growth
↑ 0%2 year growth
↑ 2%Numeral, the AI-powered sales tax compliance platform for ecommerce and SaaS businesses, raised $35 million in a Series B funding round, led by Mayfield with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis.
On Thursday, Numeral announced that it raised $35 million in Series B funding, valuing the two-year-old company at $350 million.
Numeral, a sales tax compliance startup founded by Sam Ross, raised $35 million in Series B funding, valuing the company at $350 million. The funding round was led by Mayfield, with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis. Ross, inspired by his experiences managing sales tax for his e-commerce businesses, aims to automate sales tax management using AI. This funding comes just six months after Numeral's $18 million Series A round.
Numeral raises $35M in Series B funding, led by Mayfield.
Earlier this year, Numeral raised $18 million in a Series A round led by Benchmark Capital, a stepping stone that fueled its rapid development and market expansion.
Numeral is Hiring for 18 Jobs on Simplify!
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About Numeral
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$53.6M
Headquarters
San Francisco, California
Founded
2023
Numeral is Hiring for 18 Jobs on Simplify!
Find jobs on Simplify and start your career today