About LumaTax
LumaTax is a company based in Budapest (Hungary) founded in 2018 by Fergal Garvey, Stefan Mladenovic, and Michael Glover was acquired by Taxually in April 2023. LumaTax has raised $13.12 million across 4 funding rounds from investors including KPMG, Taxually and Trilogy Equity Partners. The company has 9 employees as of December 31, 2022. LumaTax offers products and services including LumaTax and CrossTax. LumaTax operates in a competitive market with competitors including Avalara, TAINA Technology, Exactera, Beppo and Arkk Solutions, among others.
- Headquarter Budapest, Hungary
- Employees 9 as on 31 Dec, 2022
- Founders Fergal Garvey, Stefan Mladenovic, Michael Glover
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Technology
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- Legal Name Lumatax
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Products & Services of LumaTax
LumaTax offers a comprehensive portfolio of products and services, including LumaTax and CrossTax.
Automates US sales tax filings and compliance for businesses.
Manages VAT solutions for global eCommerce and enterprise needs.
People of LumaTax
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Board Team
2 people
Software Development Team
1 people
Product Management Team
1 people
Leadership Team
1 people
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Funding Insights of LumaTax
LumaTax has successfully raised a total of $13.12M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $6.12 million completed in May 2021. 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 LumaTax
LumaTax has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include KPMG, Taxually and Trilogy Equity Partners.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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US focused Seed and early-stage stage VC firm
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Investor details for LumaTax
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Investments & Acquisitions by LumaTax
Investment portfolio details for LumaTax
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Financial Statements - LumaTax
Detailed financials for LumaTax
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Lumatax Comparisons
Peer comparison for LumaTax
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Competitors of LumaTax
LumaTax 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 Avalara, TAINA Technology, Exactera, Beppo and Arkk Solutions, among others.
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Cloud-based tax compliance solutions are delivered for businesses worldwide.
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Compliance management platforms are provided for financial institutions' regulatory needs.
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Tax compliance software solutions are provided for business operations.
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Bookkeeping and tax compliance platform for SMEs and freelancers
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Regulatory and statutory reporting solutions are offered for financial firms.
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Detailed competitors of LumaTax
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Latest news on Lumatax
Complete news archive for LumaTax
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Frequently Asked Questions about LumaTax
LumaTax was founded in 2018.
LumaTax is headquartered in Budapest, Hungary.
Stefan Mladenovic is the current CEO of LumaTax. They have also founded this company.
LumaTax is a funded company, having raised a total of $13.12M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at LumaTax is 9.
A platform for tax and compliance management was established in 2018 in Budapest, Hungary. Sales tax exposure is identified and mitigated for businesses through unified transaction data from multiple sources. Nexus determination, sales tax registration, and return preparation are facilitated. Tools are provided to indirect tax professionals for data collection, current and prior period filings, and audit defense in the fintech sector.
LumaTax's top competitors include Avalara, Exactera and TAINA Technology.
LumaTax offers LumaTax and CrossTax.
LumaTax has 8 investors. Key investors include KPMG, Taxually, Trilogy Equity Partners, Madrona, and Cowboy Ventures.