About Avalara MyLodgeTax
Avalara MyLodgeTax is a company based in Centennial (United States) founded in 2003 was acquired by Avalara in March 2015.. Avalara MyLodgeTax has raised $1.6 million across 1 funding round from investors including Avalara. Avalara MyLodgeTax offers products and services including Avalara AvaTax, Avalara Returns, Avalara Exemption Certificate Management, and Avalara E-Invoicing. Avalara MyLodgeTax operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.
- Headquarter Centennial, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Avalara, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Avalara MyLodgeTax
Avalara MyLodgeTax offers a comprehensive portfolio of products and services, including Avalara AvaTax, Avalara Returns, Avalara Exemption Certificate Management, and Avalara E-Invoicing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based service for accurate sales and use tax computation.
Tools for preparing and submitting tax returns efficiently.
System for handling tax-exempt sales documentation.
Automates global e-invoicing and live reporting processes.
Funding Insights of Avalara MyLodgeTax
Avalara MyLodgeTax has successfully raised a total of $1.6M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.6 million completed in August 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.6M
-
First Round
First Round
(07 Aug 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2014 | Amount | Seed - Avalara MyLodgeTax | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avalara MyLodgeTax
Avalara MyLodgeTax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Avalara. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Cloud-based tax compliance solutions are delivered for businesses worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Avalara MyLodgeTax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Avalara MyLodgeTax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avalara Mylodgetax Comparisons
Competitors of Avalara MyLodgeTax
Avalara MyLodgeTax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based tax compliance solutions are delivered for businesses worldwide.
|
|
| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
|
|
| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
|
|
| domain | founded_year | HQ Location |
Sales tax management is offered for online retailers.
|
|
| domain | founded_year | HQ Location |
Cloud-based tax calculations & compliance solutions for small businesses
|
|
| domain | founded_year | HQ Location |
Bookkeeping and tax compliance platform for SMEs and freelancers
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Avalara MyLodgeTax
When was Avalara MyLodgeTax founded?
Avalara MyLodgeTax was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Where is Avalara MyLodgeTax located?
Avalara MyLodgeTax is headquartered in Centennial, United States. It is registered at Centennial, Colorado, United States.
Is Avalara MyLodgeTax a funded company?
Avalara MyLodgeTax is a funded company, having raised a total of $1.6M across 1 funding round to date. The company's 1st funding round was a Seed of $1.6M, raised on Aug 07, 2014.
What does Avalara MyLodgeTax do?
Avalara MyLodgeTax (fka HotSpot Tax) provides a software platform that enables them to track and manage occupancy-related tax, obtain required licenses, file tax returns, track rate changes and collect appropriate taxes. It informs users of the changing tax regulations, determines vacation rental taxes reporting requirements, calculate taxes, files returns pay amounts due. It charges a one-time 50 license registration fee in addition to monthly charges.
Who are the top competitors of Avalara MyLodgeTax?
What products or services does Avalara MyLodgeTax offer?
Avalara MyLodgeTax offers Avalara AvaTax, Avalara Returns, Avalara Exemption Certificate Management, and Avalara E-Invoicing.
Who are Avalara MyLodgeTax's investors?
Avalara MyLodgeTax has 1 investor. Key investors include Avalara.