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
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Davo Technologies Llc
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Products & Services of DAVO Technologies
DAVO Technologies offers a comprehensive portfolio of products and services, including DAVO Service. 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.
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 Total Funding
- Total Rounds 7
- Last Round Series A — $5.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Series A - DAVO Technologies | Valuation | Anania & Associates Investment Company |
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| May, 2018 | Amount | Seed - DAVO Technologies | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - DAVO Technologies | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
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A private equity firm focused on advanced manufacturing growth.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Maine's technology sector is supported by a state government agency.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DAVO Technologies
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DAVO Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Davo Technologies Comparisons
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. 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.
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
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| domain | founded_year | HQ Location |
Sales tax management is offered for online retailers.
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| domain | founded_year | HQ Location |
Cloud-based tax calculations & compliance solutions for small businesses
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| domain | founded_year | HQ Location |
Bookkeeping and tax compliance platform for SMEs and freelancers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DAVO Technologies
When was DAVO Technologies founded?
DAVO Technologies was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is DAVO Technologies located?
DAVO Technologies is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of DAVO Technologies?
Owen Brown is the current CEO of DAVO Technologies. They have also founded this company.
Is DAVO Technologies a funded company?
DAVO Technologies is a funded company, having raised a total of $6.9M across 7 funding rounds to date.
What does DAVO Technologies do?
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.
Who are the top competitors of DAVO Technologies?
What products or services does DAVO Technologies offer?
DAVO Technologies offers DAVO Service.
Who are DAVO Technologies's investors?
DAVO Technologies has 4 investors. Key investors include Avalara, Maine Technology Institute, The Elmet Group, and SixThirty.
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