About GruntWorx
GruntWorx is a Technology company based in Hampton (Australia) founded in 2005, and was acquired by Drake Software in August 2011. Tax automation and organization software is provided for professionals. GruntWorx has raised $16.2 million across 3 funding rounds from investors including Drake Software, Commonwealth Capital Ventures and Pilot House Ventures. Its website gruntworx.com draws about 10 thousand monthly visits. GruntWorx offers products and services including GruntWorxLITE, Organize, Populate, Trade Details, and Trade Summary. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Record to Report. Its legal entity is GruntWorx, LLC.
Company details
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.
- Headquarters Hampton, Australia
- Stage Acquired
- SectorsTechnology
- Website category Finance · Accounting and Auditing
- Website gruntworx.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Drake Software (Aug 2011)
- Legal Name Gruntworx, Llc
- Total Equity Funding$16.2M (USD)
in 3 rounds
- Latest Funding Round$10.2M (USD), Series B
Oct 2009
- InvestorsDrake Software
& 2 more
- Acquired byDrake Software
(Aug 2011)
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.
Apps and channels of GruntWorx
its YouTube channel GruntWorx, LLC has 88 subscribers and 30 videos.
Videos from GruntWorx
The most watched videos on GruntWorx's YouTube channel, GruntWorx, LLC (88 subscribers). Click a video to play it here.
More on GruntWorx, LLC.
Funding Insights of GruntWorx
GruntWorx has successfully raised a total of $16.2M 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.
- Total Funding $16.2M
- Total Rounds 3
- Last Round Series B — $10.2M
- First Round $6M
(Apr 2007)
- Investors Count 2
All 3 funding rounds of GruntWorx 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 |
|---|---|---|---|---|---|
| Oct 2009 | $10.2M | Series B | – | Commonwealth Capital Ventures, Pilot House Ventures | – |
| Oct 2009 | $10.2M | Unspecified | – | – | |
| Apr 2007 | $6M | Series A | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech & offline focused VC firm investing in early & growth stage startups in the US | commonwealthvc.com | Woburn, United States | ||
| pilothouseventures.com | ||||
Professional tax preparation software is developed for tax professionals. | 1976 | drakesoftware.com | Knoxville, United States |
Investor details for GruntWorx
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.
People of GruntWorx
3 people are tracked at GruntWorx (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Julie Pierce | Vice President and General Manager | Leadership |
Stacy Penna Ed.d. | Director Of Sales & Marketing | Leadership |
Anita Wheeler | Sales Manager | Team |
Complete people profiles for GruntWorx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of GruntWorx
4 dated milestones of GruntWorx across 6 years, from founding to its latest funding, stage changes and deals.
- Founded GruntWorx is founded.
- Funding First funding round of $6.0M.
- Funding Latest funding round, Series B, of $10.2M.
- Exit Acquired by Drake Software.
Web traffic of GruntWorx
The website of GruntWorx (gruntworx.com) receives about 10.1K visits a month and ranks #3,624,011 among all websites worldwide, #7,728 in Accounting and Auditing.
- Monthly visits10.1K
▲ 141.6% vs previous month
- Unique visitors2K
per month
- Global rank#3,624,011
among all websites
- Category rank#7,728
Finance · Accounting and Auditing
- Bounce rate39%
- Pages per visit2.6
- Average visit1 min 46 sec
- DevicesDesktop 39% · Mobile 61%
Websites whose visitors overlap most with GruntWorx. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
corp.sureprep.com | corp.sureprep.com | 100% | – | ||
getnetset.com | getnetset.com | 86% | #4,626,083 | – | |
| drakesoftware.com | 86% | 838.7K | #104,668 | View details |
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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 $16.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Apr 2007.
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.
GruntWorx operates through Gruntworx, Llc.
Yes. GruntWorx was acquired by Drake Software in August 2011.