About Liberty Tax
Liberty Tax is a company based in Virginia Beach (United States) founded in 1997 was acquired by Nextpointacquisition in February 2021.. Liberty Tax has raised $14 million across 3 funding rounds from investors including Edison Partners and Nextpointacquisition. The company has 6,535 employees as of December 31, 2021. Liberty Tax offers products and services including Tax Filing Service, DeepBlue Bookkeeping, ITIN Application, and Tax Resolution. Liberty Tax operates in a competitive market with competitors including NOTICENINJA, Sphere, Buho Contable, SinConta and yearend., among others.
- Headquarter Virginia Beach, United States
- Employees 6535 as on 31 Dec, 2021
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Liberty Tax, Inc.
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Annual Revenue
$132.55 M-24as on Apr 30, 2019
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Net Profit
$-2.16 M-1697as on Apr 30, 2019
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EBITDA
$13.23 M-40as on Apr 30, 2019
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Total Equity Funding
$14 M (USD)
in 3 rounds
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Latest Funding Round
$225 M (USD), Debt – Conventional
Oct 01, 2014
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Investors
Edison Partners
& 1 more
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Employee Count
6535
as on Dec 31, 2021
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Acquired by
Nextpointacquisition
(Feb 22, 2021)
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Products & Services of Liberty Tax
Liberty Tax offers a comprehensive portfolio of products and services, including Tax Filing Service, DeepBlue Bookkeeping, ITIN Application, and Tax Resolution. 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.
Platform for filing income taxes online or in-person.
Service for small business bookkeeping and accounting needs.
Tool to assist with Individual Taxpayer Identification Number applications.
Services to resolve tax-related issues and disputes.
Funding Insights of Liberty Tax
Liberty Tax has successfully raised a total of $14M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $225 million completed in October 2014. 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 3
- Last Round Debt – Conventional — $225.0M
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First Round
First Round
(03 May 1999)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Debt – Conventional - Liberty Tax | Valuation |
investors |
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| Nov, 2001 | Amount | Unspecified - Liberty Tax | Valuation | Edison Partners |
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| May, 1999 | Amount | Unspecified - Liberty Tax | Valuation | Edison Partners |
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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 Liberty Tax
Liberty Tax has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Edison Partners and Nextpointacquisition. 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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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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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
|
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 Liberty Tax
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Liberty Tax
| 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 |
Liberty Tax Comparisons
Competitors of Liberty Tax
Liberty Tax 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 NOTICENINJA, Sphere, Buho Contable, SinConta and yearend., 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 |
Automated tax notice compliance software is provided for streamlined resolution.
|
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| domain | founded_year | HQ Location |
Online platform offering leadership training
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| domain | founded_year | HQ Location |
Online taxation and accounting services are offered to small businesses.
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| domain | founded_year | HQ Location |
Invoices are managed and taxes calculated for independent workers.
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| domain | founded_year | HQ Location |
Limited information is available regarding yearend.'s core activities.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Liberty Tax
Frequently Asked Questions about Liberty Tax
When was Liberty Tax founded?
Liberty Tax was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Where is Liberty Tax located?
Liberty Tax is headquartered in Virginia Beach, United States. It is registered at Virginia Beach, Virginia, United States.
Is Liberty Tax a funded company?
Liberty Tax is a funded company, having raised a total of $14M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $3M, raised on May 03, 1999.
How many employees does Liberty Tax have?
As of Dec 31, 2021, the latest employee count at Liberty Tax is 6,535.
What is the annual revenue of Liberty Tax?
Annual revenue of Liberty Tax is $132.55M as on Apr 30, 2019.
What does Liberty Tax do?
Liberty Tax was established in 1997 in Virginia Beach, United States. Operations center on tax management within the financial services sector. Services encompass tax computation and return filing for businesses, particularly retailers, as well as individuals. Compliance and processing are handled across various tax obligations, with a focus on U.S.-based clients. The company maintains a network for seasonal and year-round tax support.
Who are the top competitors of Liberty Tax?
Liberty Tax's top competitors include NOTICENINJA, Sphere and Buho Contable.
What products or services does Liberty Tax offer?
Liberty Tax offers Tax Filing Service, DeepBlue Bookkeeping, ITIN Application, and Tax Resolution.
Who are Liberty Tax's investors?
Liberty Tax has 2 investors. Key investors include Edison Partners, and Nextpointacquisition.