DAVO Technologies

Portland, United States Founded: 2011 • Age: 15 yrs Acquired By Avalara
Automates sales tax collection, filing, and payment for businesses using POS systems.
Annual revenue - Latest available
Total funding $6.9M 7 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About DAVO Technologies

DAVO Technologies is a company based in Portland (United States) founded in 2011 by David Joseph and Owen Brown was acquired by Avalara in April 2021. It operates as a SaaS and B2B. DAVO Technologies has raised $6.9 million across 7 funding rounds from investors including Avalara, Maine Technology Institute and The Elmet Group. DAVO Technologies offers products and services including DAVO Service. DAVO Technologies operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, Taxdoo and TaxJar, among others.

  • Headquarter Portland, United States
  • Founders David Joseph, Owen Brown
  • Sectors
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Davo Technologies Llc
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $6.9 M (USD)

    in 7 rounds

  • Latest Funding Round
    $5 M (USD), Series A

    Oct 02, 2018

  • Investors
    Avalara

    & 3 more

  • Employee Count
    Not available
  • Acquired by
    Avalara

    (Apr 22, 2021)

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Products & Services of DAVO Technologies

DAVO Technologies offers a comprehensive portfolio of products and services, including DAVO Service.

Product name locked
Category locked
Primary

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.

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
A private equity firm focused on advanced manufacturing growth.
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Venture capital firm focused on multiple sectors
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Maine's technology sector is supported by a state government agency.
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Investor details for DAVO Technologies

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Investments & Acquisitions by DAVO Technologies

Investments
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Investment portfolio details for DAVO Technologies

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Financial Statements - DAVO Technologies

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Detailed financials for DAVO Technologies

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Davo Technologies Comparisons

DAVO Technologies Primary company
Description
Automates sales tax collection, filing, and payment for busi...
Location
Portland, United States
Founded Year
2011
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
Premium access

Peer comparison for DAVO Technologies

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Competitors of DAVO Technologies

DAVO Technologies 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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Cloud-based tax compliance solutions are delivered for businesses worldwide.
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Tax compliance software solutions are provided for business operations.
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Compliance management platforms are provided for financial institutions' regulatory needs.
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Sales tax management is offered for online retailers.
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Cloud-based tax calculations & compliance solutions for small businesses
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Bookkeeping and tax compliance platform for SMEs and freelancers
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Detailed competitors of DAVO Technologies

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Latest news on Davo Technologies

DAVO gets tooled up with new funding
Bankingtech7 years ago
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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 current CEO of DAVO Technologies. 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.

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's top competitors include Avalara, Taxdoo and Fonoa.

DAVO Technologies offers DAVO Service.

DAVO Technologies has 4 investors. Key investors include Avalara, Maine Technology Institute, The Elmet Group, and SixThirty.

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