TrustWeaver AB
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TrustWeaver AB - overview
Established
2001
Location
Stockholm, -, Sweden
Primary Industry
Software
About
TrustWeaver AB is a compliance software company focused on global e-invoicing solutions, designed to ensure businesses meet complex tax regulations efficiently across various jurisdictions. Founded in 2001 and headquartered in Stockholm, Sweden, TrustWeaver AB specializes in providing e-invoicing compliance software. In May 2018, TrustWeaver was acquired by Sovos Compliance, LLC, a company backed by Hg and Vista Equity Partners, although financial terms of the deal remain undisclosed. The firm has conducted one deal to date, signaling its strategic positioning in the compliance sector.
TrustWeaver AB offers a suite of global e-invoicing compliance solutions that help businesses meet value-added tax (VAT) regulations across over 60 countries. Their primary products include an e-invoicing solution, e-archiving services, and e-receipts management, aimed at ensuring compliance and streamlining operational processes. The company's clientele includes multinational firms that require robust solutions to manage tax compliance across various jurisdictions, with a focus on regions such as North America and Europe. In the most recent fiscal year of 2022, TrustWeaver AB reported a revenue of USD 12.
04 mn and an EBITDA of USD 3. 94 mn, indicating a solid financial performance through its subscription-based service model. TrustWeaver plans to leverage its acquisition by Sovos Compliance to enhance its product offerings, with new features and enhancements expected to be rolled out in the coming years. The company aims to expand its market presence in additional European countries and select regions in Asia by 2024.
The funding received from its acquisition will be utilized to support product development and market penetration strategies.
Current Investors
Sovos Compliance, LLC
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Legal Software, Systems Management Software
Website
www.trustweaver.com
Verticals
Cloud Computing, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
TrustWeaver AB - timeline of key events
TrustWeaver AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | TrustWeaver AB | - |
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TrustWeaver AB - employee data
TrustWeaver AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM |
BM Board Member
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