Arthur Ventures is extremely excited to announce our partnership with Avalara!
Based in Bainbridge Island, WA, Avalara provides end-to-end sales tax management and compliance software for businesses of all sizes. We had the opportunity to co-invest, alongside Battery Ventures and Sageview Capital, in Avalara’s recent $30M raise.
Avalara works with company’s existing accounting, billing, ecommerce, or point of sale system to automate sales tax and compliance, an otherwise tedious and error-prone activity. Without massive spending and internal resource allocation, accounting departments simply can’t keep up with the ever-changing rates, boundaries, nexus, exemption certificates, tax holidays, filings and regulatory compliance.
Over the years and directly though our team’s background in accounting systems (Great Plains Software and Microsoft Dynamics), we know how complex sales tax compliance is and the immense technical challenge needed to accurately automated sales tax compliance with accounting systems.
Sales tax automation and compliance will prove to be a standalone platform and we’re fortunate to be partnered with the industry’s leader.
Over the past few months, it’s been a great pleasure getting to know Scott McFarlane, Avalara’s co-Founder and CEO. He has done a masterful job of painting a vision of end-to-end sales tax compliance, while building one of the most under-the-radar businesses we’ve ever seen.
We owe a tremendous amount of gratitude to Scott, the team at Avalara and their existing investors for allowing us the privilege to participate in their journey. Arthur Ventures is really looking forward to working with the team and our impressive co-investors to build a world-class company.
With this investment, Doug Burgum will be joining Avalara’s Board of Directors.