How Avalara hit $500.6M Revenue with 30K customers in 2022.
Avalara is a cloud-based software platform that delivers a broad array of compliance services related to sales tax and other transactional taxes. The company integrates with ERP and e-commerce software systems that serve businesses worldwide. It specializes in sales tax automation, channel marketing, sales tax compliance, tax return filing services, customer support, integrations into ERP and e-commerce applications and exemption certificate management. The company was founded in 2004 and is headquartered in Seattle, Washington.
It follows an aggressive acquisition strategy and seeks to acquire businesses that will help the company to expand its business internationally.
In 2022, Avalara revenue run rate hit $500.6M in revenue.
Avalara hit $500.6M in revenue in 2020
Avalara hit $382.4M in revenue in 2019
Avalara launched in 2004 with $0 revenue
Avalara Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
Avalara raised a of $180M at a $1.4B valuation in June 2018
2016 Series D
Avalara raised a Series D of $96M at a $925M valuation in September 2016
2015 Series D
Avalara raised a Series D of $42.3M at a $803.2M valuation in January 2015
2014 Private Equity Round
Avalara raised a Private Equity Round of $100M at a $703.2M valuation in November 2014
2014 Venture Round
Avalara raised a Venture Round of $26.3M at a $547.3M valuation in May 2014
2014 Series C
Avalara raised a Series C of $30M at a $517.3M valuation in February 2014
Avalara raised a of $28.6M at a $28.6M valuation in November 2013
2013 Venture Round
Avalara raised a Venture Round of $425.4K
2012 Venture Round
Avalara raised a Venture Round of $20M at a $230M valuation in June 2012
2011 Series B
Avalara raised a Series B of $21M at a $65.1M valuation in April 2011
2010 Series A
Avalara raised a Series A of $4.9M at a $50M valuation in May 2010
Avalara raised a of $3.1M at a $18M valuation in June 2009
Avalara raised a of $13.2M at a $22.8M valuation in October 2008
Avalara raised a of $5.4M at a $17.4M valuation in December 2005
Private Equity Round
Avalara has 2960 total employees and 6 sales reps that carry a quota. They have 30000 customers an engineering team of 29 and a marketing team of 2
Total team size
Scott is co-founder and CEO of Avalara. For more than 30 years, Scott has pursued a specific vision: to blend strategic innovation with rigorous operational discipline to create companies with unique cultures that shake the status quo. Beginning with his college days at Claremont McKenna, Scott partnered with his roommate to launch Lifecycle, the most popular computerized exercise bike of all time, and since then has led and advanced several companies including Aircoa and MetaInfo (which was sold to Check Point Software Technologies).