About Drake Software
Drake Software is a company based in Knoxville (United States) founded in 1976.. Drake Software has completed 1 acquisition, including GruntWorx. Drake Software offers products and services including Drake Tax, Drake Accounting, Drake Portals, and Drake Pay. Drake Software operates in a competitive market with competitors including TaxAct, TaxDown, Exactera, TaxScouts and Anrok, among others.
- Headquarter Knoxville, United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Drake Software, Llc
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 Drake Software
Drake Software offers a comprehensive portfolio of products and services, including Drake Tax, Drake Accounting, Drake Portals, and Drake Pay. 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.
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 Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Private Equity Round - Drake Software | Valuation | Cinven |
|
| 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 Drake Software
Drake Software has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Cinven. 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 |
|---|---|---|---|---|
|
Private equity investments and portfolio management services are provided by Cinven across various sectors.
|
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 Drake Software
Drake Software has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GruntWorx. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Tax automation and organization software is provided for professionals.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Drake Software
| 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 |
Drake Software Comparisons
Competitors of Drake Software
Drake Software 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 TaxAct, TaxDown, Exactera, TaxScouts and Anrok, 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 |
Tax filing software is offered for individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Cloud and app-based tax management solutions for individuals and businesses
|
|
| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
|
|
| domain | founded_year | HQ Location |
Tax planning is delivered via chatbots and human advisors.
|
|
| domain | founded_year | HQ Location |
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
|
| 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.
|
Latest news on Drake Software
Frequently Asked Questions about Drake Software
When was Drake Software founded?
Drake Software was founded in 1976 and raised its 1st funding round 45 years after it was founded.
Where is Drake Software located?
Drake Software is headquartered in Knoxville, United States. It is registered at Knoxville, Tennessee, United States.
What does Drake Software do?
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.
Who are the top competitors of Drake Software?
What products or services does Drake Software offer?
Drake Software offers Drake Tax, Drake Accounting, Drake Portals, and Drake Pay.
How many acquisitions has Drake Software made?
Drake Software has made 1 acquisition, including GruntWorx.
Who are Drake Software's investors?
Drake Software has 1 investor. Key investors include Cinven.