Avalara, Inc.

Avalara, Inc. is a United States-based company providing software solutions that simplify tax compliance for businesses across various sectors, enhancing efficiency in tax management and ensuring accuracy in tax calculations. Founded in 2004 in Durham, US, Avalara, Inc. specializes in developing tax compliance software that supports businesses in navigating complex tax regulations.

The company raised USD 8,400 mn through a Public to Private Secondary Buyout led by Vista Equity Partners. As of June 14, 2018, Avalara has completed 28 deals, which includes their IPO where they sold 7. 5 million shares at USD 24 per share on the New York Stock Exchange under the symbol "AVLR. " David Joseph founded Avalara, and currently, Thomas Wu serves as CEO.

Avalara specializes in tax compliance software solutions designed to streamline tax management for businesses across various sectors. The company’s flagship product, Avalara AvaTax, provides automated sales tax calculation, ensuring accurate tax compliance in real-time for e-commerce and retail transactions. Other key offerings include Avalara Returns for tax return preparation and filing, Avalara Exemption Certificate Management for managing tax-exempt sales documents, and Avalara E-Invoicing for international invoicing compliance. These solutions are tailored to meet the needs of a diverse client base, including small to large enterprises engaged in retail, manufacturing, hospitality, and software services.

Avalara’s products are deployed in over 75 countries, with a strong presence in North America, Europe, and India, addressing the complexities of VAT, GST, and other local tax regulations. In 2021, Avalara generated revenue of USD 698. 98 mn, with an EBITDA of USD -68. 66 mn.

Revenue is primarily derived from a subscription-based model, where clients pay for access to its suite of tax compliance software solutions, including Avalara AvaTax and Avalara Returns. The company serves over 43,000 businesses worldwide, highlighting its extensive market reach in the tax compliance sector. Avalara plans to accelerate the growth of its Compliance CloudTM platform following its most recent funding round. This includes the introduction of new products designed to enhance tax compliance efficiency for clients.

The company is also targeting expansion into additional international markets, including Europe and Asia, to broaden its geographic footprint by 2025. The latest funding will support these initiatives, allowing Avalara to continue developing its software offerings and improving customer engagement.