Anrok Raises $4.3 Million in Seed Round

by Kay Aloha Villamor in August 25th, 2021

Anrok, a San Francisco, CA-based sales tax solution built specifically for software-as-a-service (SaaS) businesses, raised $4.3M in seed funding. The round was co-led by Index Ventures and Sequoia Capital.

The company intends to use the funds to continue to expand operations and its business reach.

Company: Anrok

Raised: $4.3M

Round: Seed Round

Funding Month: June 2021

Lead Investors: Index Ventures and Sequoia Capital

Additional Investors:

Company Website: https://anrok.com/

Software Category: Modern Sales Tax Solution

About the Company: Anrok provides a platform that allows internet businesses to determine, calculate, and manage sales tax obligations. Anrok plugs into a company’s billing and payment systems, incorporating each state’s nexus thresholds and taxability rules in real-time, and returning the relevant tax rate of each transaction. Transactions are then stored and automatically organized into returns for filing – an obligation which has increased from virtually never, to what is now a monthly requirement in many states.

Source: https://www.finsmes.com/2021/06/anrok-raises-4-3m-in-seed-funding.html

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