Anrok, a New York-based global sales tax platform for software companies, has closed $30 million in Series B funding.
Investors
The round was led by Khosla Ventures, with participation from esteemed investors such as Sequoia Capital and Index Ventures, alongside notable individuals including Karen Peacock, David Faugno, Alex Estevez, and Elad Gil.
Founded in 2004, Khosla Ventures is a venture capital firm based in Menlo Park, California. The firm provides venture assistance to entrepreneurs in AI, sustainability, enterprise, consumer, health, and frontier technologies.
Anrok Use of Funds
With the fresh funding, the company will continue investing in R&D and product development to build the all-in-one global tax compliance platform for modern finance teams.
About Anrok
Anrok is a company that provides tax solutions built specifically for SaaS businesses. Its comprehensive platform offers end-to-end solutions for monitoring, calculating, collecting, and filing taxes. Recent enhancements include a reconciliation tool, advanced tax exemption certificate management, and support for VAT and GST compliance across various jurisdictions. Tech companies like Notion, Vanta, and Anthropic rely on Anrok to manage compliance and protect their bottom line.
Funding Details
Company: Anrok, Inc.
Raised: $30.0M
Round: Series B
Funding Month: April 2024
Lead Investors: Khosla Ventures
Additional Investors: Sequoia Capital and Index Ventures, alongside notable individuals including Karen Peacock, David Faugno, Alex Estevez, Elad Gil
Company Website: https://www.anrok.com/
Software Category: Sales Tax
Source: https://www.businesswire.com/news/home/20240410487432/en/