About DAVO Technologies
DAVO Technologies is a Technology company based in Portland (United States) founded in 2011 by David Joseph and Owen Brown, and was acquired by Avalara in April 2021. Automates sales tax collection, filing, and payment for businesses using POS systems. It operates on a SaaS and B2B model. DAVO Technologies has raised $6.9 million across 7 funding rounds from investors including Avalara, Maine Technology Institute and The Elmet Group. Its chief executive, as recorded, is Owen Brown. Its website davotechnologies.com draws about 681 thousand monthly visits. DAVO Technologies offers products and services including DAVO Service. Its focus areas include FinTech, Tax Tech, Sales Tax and Automation for Businesses. Its legal entity is DAVO TECHNOLOGIES LLC. Its competitors include Avalara, Exactera and TaxJar; 3 of its 3 listed competitors have raised funding.
Company details
DAVO is a service that automates sales tax processes by setting aside taxes daily, preparing and filing returns on time, and ensuring payments are made in full. It integrates seamlessly with popular POS systems like Clover and Square, reducing manual work for business owners. The platform serves industries such as restaurants, retail, and salons, helping them comply with tax regulations effortlessly. Based in Seattle, Washington, it targets small businesses to streamline financial operations and minimize errors.
- Headquarters Portland, United States
- Founders David Joseph, Owen Brown
- Stage Acquired
- SectorsTechnology
- Website davotechnologies.com
- Social LinkedIn
- Acquired by Avalara (Apr 2021)
- Legal Name Davo Technologies Llc
Products & Services of DAVO Technologies
DAVO Technologies offers a comprehensive portfolio of products and services, including DAVO Service.
Automates daily sales tax set-aside, filing, and payment for businesses.
Funding Insights of DAVO Technologies
DAVO Technologies has successfully raised a total of $6.9M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in October 2018. 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 $6.9M
- Total Rounds 7
- Last Round Series A — $5M
- First Round $1.6M
(Jun 2014)
- Investors Count 3
All 7 funding rounds of DAVO Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $5M | Series A | – | Anania & Associates Investment Company | – |
| May 2018 | $300,000 | Seed | – | – | – |
| May 2018 | Debt – Conventional | – | – | – | |
| Mar 2016 | $200,000 | Debt – Conventional | – | – | |
| Oct 2014 | $100,000 | Debt – Venture | – | – | |
| Oct 2014 | $156,165 | Debt – Conventional | – | – | |
| Jun 2014 | $1.6M | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in DAVO Technologies
DAVO Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Avalara, Maine Technology Institute and The Elmet Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A private equity firm focused on advanced manufacturing growth. | 2008 | anania.biz | Portland, United States | |
Venture capital firm focused on multiple sectors | sixthirty.co | St. Louis, United States | ||
Maine's technology sector is supported by a state government agency. | 1999 | mainetechnology.org | Brunswick, United States | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | avalara.com | Seattle, United States |
Investor details for DAVO Technologies
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People of DAVO Technologies
2 people are tracked at DAVO Technologies (2 in leadership).
| Name | Role | Group |
|---|---|---|
David Joseph | Co-Founder, Chairman | Leadership |
Owen Brown | Co-Founder, CEO | Leadership |
Complete people profiles for DAVO Technologies
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Timeline of DAVO Technologies
4 dated milestones of DAVO Technologies across 10 years, from founding to its latest funding, stage changes and deals.
- Founded DAVO Technologies is founded.
- Funding First funding round of $1.6M.
- Funding Latest funding round, Series A, of $5.0M.
- Exit Acquired by Avalara.
Competitors of DAVO Technologies
DAVO Technologies has 3 listed competitors in our database, 3 of them funded. They include Avalara, Exactera and TaxJar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avalara.com | 2004 | Seattle, United States | $342.97M | 2,220 | Cloud-based tax compliance solutions are delivered for businesses worldwide. | |
| exactera.com | 2001 | Tarrytown, United States | $73M | Tax compliance software solutions are provided for business operations. | ||
| taxjar.com | 2013 | San Diego, United States | $62.6M | Cloud-based tax calculations & compliance solutions for small businesses |
Detailed competitors of DAVO Technologies
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Web traffic of DAVO Technologies
The website of DAVO Technologies (davotechnologies.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with DAVO Technologies. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for DAVO Technologies
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Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as DAVO Technologies (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Davo Technologies
Complete news archive for DAVO Technologies
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Frequently Asked Questions about DAVO Technologies
DAVO Technologies was founded in 2011 and raised its 1st funding round 3 years after it was founded.
DAVO Technologies is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Owen Brown is the CEO of DAVO Technologies, as recorded in our data. They have also founded this company.
DAVO Technologies is a funded company, having raised a total of $6.9M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jun 2014.
DAVO is a service that automates sales tax processes by setting aside taxes daily, preparing and filing returns on time, and ensuring payments are made in full. It integrates seamlessly with popular POS systems like Clover and Square, reducing manual work for business owners. The platform serves industries such as restaurants, retail, and salons, helping them comply with tax regulations effortlessly. Based in Seattle, Washington, it targets small businesses to streamline financial operations and minimize errors.
DAVO Technologies offers DAVO Service.
DAVO Technologies has 4 investors. Key investors include Avalara, Maine Technology Institute, The Elmet Group, and SixThirty.
DAVO Technologies operates through Davo Technologies Llc.
Yes. DAVO Technologies was acquired by Avalara in April 2021.
The website of DAVO Technologies receives about 681 thousand visits a month.