Follow the Big-time Avalara Money – $100 Million!

Talk about following the money.  Avalara, who I believe is the largest of the Certified Solutions Providers for the Streamlined States has just received additional funding of $100 million dollars!!

Link to Avalara Press Release

Highlights:

Avalara, Inc. (“Avalara” or “the company”), a leading provider of cloud-based software for sales tax and other transactional tax compliance, today announced it has raised $100 million in a financing round from an affiliate of Warburg Pincus, a global private equity firm focused on growth investing.”

““This investment by Warburg Pincus will allow us to put more dollars to work in our growth initiatives.  It also validates our fundamental belief that sales tax compliance automation is inevitable, and Avalara is at the forefront of this movement”

“Including this investment by Warburg Pincus, Avalara has raised more than $200 million in capital since 2004 from a list of investors that includes Sageview Capital and Battery Ventures, as well as other entities and individuals.”

Sure is a lot of money to pour into the company when only a few hundred remote retailers will be affected by the MFA 🙂  Not.

 

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