2024 Revenue
$3.8M
Customers
26K
Funding
$0
YOY
33.4%
Avg ACV
$146
Team
42
Founded
2009
How TaxCloud CEO John Milan grew to $3.8M revenue and 26K customers in 2024.
At TaxCloud, we believe that technology can make it easy for any business to calculate and collect sales tax. We also believe that businesses shouldn't have to spend a penny on collecting sales tax.
Our company was founded by e-commerce veterans in 2008 to offer online businesses a free and easy way to calculate and collect sales tax. We designed TaxCloud, our sales tax management service, to be easy to use and to leverage the benefits of cloud computing.
FedTax is headquartered in Norwalk, Connecticut and has offices in Seattle, Kansas, and Oklahoma.
For additional information, visit https://taxcloud.com.
Last updated
TaxCloud Revenue
In 2024, TaxCloud's revenue reached $3.8M. The company previously reported $3.4M in 2024. Since its launch in 2009, TaxCloud has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | TaxCloud Hit $3.8m revenue in November 2024Source | |
| 2024 | TaxCloud Hit $3.4m revenue in October 2024 | |
| 2023 | TaxCloud Hit $2.8m revenue in December 2023 | |
| 2021 | TaxCloud Hit $1.5m revenue in April 2021 | |
| 2009 | Launched with $0 revenue |
TaxCloud Valuation, Funding Rounds
TaxCloud is a bootstrapped Security Compliance Software startup. Founded in 2009, TaxCloud has grown to $3.8M in revenue without raising any venture capital or outside funding.
As a self-funded Security Compliance Software SaaS company, TaxCloud has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
John Milan
Chief Executive Officer at TaxCloud. John Milan has over 25 years of software development experience, from the first Windows PCs written in C/C++ to the latest Web Platforms using HTML5/Javascript/MVC. Before joining FedTax in 2014, John was the president of TeamDirection, a project management platform for Microsoft's SharePoint platform. Prior to TeamDirection, he worked for Xylo, Cartia, Framemaker and Adobe Systems. John earned a BS in Computer Science from Willamette University.
Q&A
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|---|---|
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Customers
TaxCloud serves 26K customers.
TaxCloud Employees & Team Size
TaxCloud employs approximately 42 people as of 2026, up from 33 in 2023, including 2 sales reps that carry a quota. It serves 26K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 42 employees (October 2024) |
| 2023 | Reached 33 employees (December 2023) |
| 2022 | Reached 25 employees (December 2022) |
| 2021 | Reached 21 employees (December 2021) |
| 2021 | Reached 18 employees (April 2021) |
Frequently Asked Questions about TaxCloud
What is TaxCloud's revenue?
TaxCloud generates $3.8M in revenue.
Who founded TaxCloud?
TaxCloud was founded by John Milan.
Who is the CEO of TaxCloud?
The CEO of TaxCloud is John Milan.
How much funding does TaxCloud have?
TaxCloud raised $0.
How many employees does TaxCloud have?
TaxCloud has 42 employees.
Where is TaxCloud headquarters?
TaxCloud is headquartered in United States.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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