About Drake Software
Drake Software is a Technology company based in Knoxville (United States) founded in 1976. Professional tax preparation software is developed for tax professionals. Drake Software has completed 1 acquisition, including GruntWorx. Its website drakesoftware.com draws about 839 thousand monthly visits. Drake Software offers products and services including Drake Tax, Drake Accounting, Drake Portals, and Drake Pay. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its legal entity is Drake Software, LLC. Its competitors include TaxAct, Exactera and Anrok; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1976 and headquartered in Knoxville, United States, Drake Software operates in the tax preparation sector. Tools are supplied to assist tax professionals with data entry, tax scenario analysis, and filing decisions. Support is extended for business development and client acquisition through integrated features. Operations focus on delivering reliable software solutions for annual tax compliance needs across various professional workflows.
- Headquarters Knoxville, United States
- SectorsTechnology
- Website category Finance · Accounting and Auditing
- Email••••••••
- Phone•••• ••••
- Website drakesoftware.com
- Social LinkedIn X Facebook
- Legal Name Drake Software, Llc
Products & Services of Drake Software
Drake Software offers a comprehensive portfolio of products and services, including Drake Tax, Drake Accounting, Drake Portals, and Drake Pay.
Software for preparing and e-filing tax returns efficiently.
Application for managing accounting and payroll tasks.
Platform for secure document sharing between professionals and clients.
Service for accepting credit and debit payments securely.
Funding Insights of Drake Software
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Drake Software 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 |
|---|---|---|---|---|---|
| Feb 2021 | Private Equity Round | – | Cinven | – |
1 investors in total: 1 institutional.
Investors in Drake Software
Drake Software has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Cinven.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments and portfolio management services are provided by Cinven across various sectors. | cinven.com |
Investor details for Drake Software
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Drake Software
Drake Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GruntWorx.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Tax automation and organization software is provided for professionals. | gruntworx.com | Hampton, Australia | 2005 | Aug 2011 | •••• |
Complete acquisition details for Drake Software
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Drake Software
3 dated milestones of Drake Software across 45 years, from founding to its latest funding, stage changes and deals.
- Founded Drake Software is founded.
- Acquisition Acquires GruntWorx.
- Funding First funding round.
Competitors of Drake Software
Drake Software has 3 listed competitors in our database, 3 of them funded. They include TaxAct, Exactera and Anrok.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| taxact.com | 1998 | Dallas, United States | $85M | 133 | Tax filing software is offered for individuals and businesses. | |
| exactera.com | 2001 | Tarrytown, United States | $73M | Tax compliance software solutions are provided for business operations. | ||
| anrok.com | 2020 | San Francisco, United States | $113.6M | Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations |
Detailed competitors of Drake Software
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Drake Software
The website of Drake Software (drakesoftware.com) receives about 838.7K visits a month and ranks #104,668 among all websites worldwide, #6,570 in Accounting and Auditing.
- Monthly visits838.7K
▲ 115.4% vs previous month
- Unique visitors103.2K
per month
- Global rank#104,668
among all websites
- Category rank#6,570
Finance · Accounting and Auditing
- Bounce rate33%
- Pages per visit5.3
- Average visit5 min 50 sec
- DevicesDesktop 89% · Mobile 11%
Websites whose visitors overlap most with Drake Software. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| taxslayerpro.com | 100% | #23,177 | View details | ||
accountants.intuit.com | accountants.intuit.com | 97% | – | ||
| 1040.com | 90% | #46,963 | View details | ||
onvio.us | onvio.us | 85% | #41,806 | – | |
| oltpro.com | 80% | 680.7K | #509,146 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Drake Software
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Drake Software (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 |
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
Related news about Drake Software
Complete news archive for Drake Software
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Drake Software
Drake Software was founded in 1976 and raised its 1st funding round 45 years after it was founded.
Drake Software is headquartered in Knoxville, United States. It is registered at Knoxville, Tennessee, United States.
Founded in 1976 and headquartered in Knoxville, United States, Drake Software operates in the tax preparation sector. Tools are supplied to assist tax professionals with data entry, tax scenario analysis, and filing decisions. Support is extended for business development and client acquisition through integrated features. Operations focus on delivering reliable software solutions for annual tax compliance needs across various professional workflows.
Drake Software offers Drake Tax, Drake Accounting, Drake Portals, and Drake Pay.
Drake Software has made 1 acquisition, including GruntWorx.
Drake Software has 1 investor. Key investors include Cinven.
Drake Software operates through Drake Software, Llc.
The website of Drake Software receives about 839 thousand visits a month and ranks #104,668 among all websites worldwide.