About GruntWorx
GruntWorx is a company based in Hampton (Australia) founded in 2005 was acquired by Drake Software in August 2011. GruntWorx has raised $26.4 million across 3 funding rounds from investors including Drake Software, Commonwealth Capital Ventures and Pilot House Ventures. GruntWorx offers products and services including GruntWorxLITE, Organize, Populate, Trade Details, and Trade Summary. GruntWorx operates in a competitive market with competitors including Kivra, Hubdoc, Neat, Dext and Docsumo, among others.
- Headquarter Hampton, Australia
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Gruntworx, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$26.4 M (USD)
in 3 rounds
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Latest Funding Round
$10.2 M (USD), Series B
Oct 22, 2009
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Investors
Drake Software
& 2 more
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Employee Count
Not available
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Acquired by
Drake Software
(Aug 17, 2011)
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Products & Services of GruntWorx
GruntWorx offers a comprehensive portfolio of products and services, including GruntWorxLITE, Organize, Populate, Trade Details, and Trade Summary.
Light tool for basic tax organization and data automation.
Software for efficiently sorting and managing tax documents.
Automates populating tax software with user-provided data.
Handles trade-related tax data for accurate reporting.
Generates summaries of trade activities for tax purposes.
People of GruntWorx
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Funding Insights of GruntWorx
GruntWorx has successfully raised a total of $26.4M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.2 million completed in October 2009. 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 GruntWorx
GruntWorx has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Drake Software, Commonwealth Capital Ventures and Pilot House Ventures.
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Tech & offline focused VC firm investing in early & growth stage startups in the US
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Professional tax preparation software is developed for tax professionals.
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Investor details for GruntWorx
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Investments & Acquisitions by GruntWorx
Investment portfolio details for GruntWorx
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Financial Statements - GruntWorx
Detailed financials for GruntWorx
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Gruntworx Comparisons
Peer comparison for GruntWorx
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Competitors of GruntWorx
GruntWorx 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 Kivra, Hubdoc, Neat, Dext and Docsumo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Invoice digitization tools are provided for business data management.
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Financial documents are automated and managed for accountants and businesses.
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| Locked | Locked | Locked |
Cloud-based digital filing systems are provided for small businesses.
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Provider of bookkeeping automation software for businesses and accountants
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Data from unstructured documents is extracted via cloud-based automation.
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Automated document processing software is developed for business automation.
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Detailed competitors of GruntWorx
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Latest news on Gruntworx
Complete news archive for GruntWorx
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Frequently Asked Questions about GruntWorx
GruntWorx was founded in 2005 and raised its 1st funding round 2 years after it was founded.
GruntWorx is headquartered in Hampton, Australia. It is registered at Hampton, Victoria, Australia.
GruntWorx is a funded company, having raised a total of $26.4M across 3 funding rounds to date.
GruntWorx provides software for tax automation organization. Secure, web program automates, organizes populates into leading tax software. Its family of products has been in use for multiple tax seasons by thousands of accounting professionals from sole practitioners to those working in large regional firms and the Big 4. GruntWorx is the product of choice for tax professionals with more than 4 million processed tax forms this past tax season. It has earned multiple accolades, including back-to-back Technology Innovation Awards and a Readers Choice Award from The CPA Technology Advisor, Accounting Todays Top 100 Ones to Watch, and a K2 Annual Quality Award.
GruntWorx offers GruntWorxLITE, Organize, Populate, Trade Details, and Trade Summary.
GruntWorx has 3 investors. Key investors include Drake Software, Commonwealth Capital Ventures, and Pilot House Ventures.