About Sovos
Sovos is a company based in Sao Paulo (Brazil) founded in 2006 was acquired by Sovos Compliance in March 2021. It operates as a SaaS (Software-as-a-Service). Sovos offers products and services including Sovos eInvoice, Sovos eArchive, Sovos eReceipt, and Sovos AP Automation. Sovos operates in a competitive market with competitors including Avalara, Exactera, TAINA Technology, TaxJar and Taxdoo, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Sovos Compliance, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Sovos Compliance
(Mar 03, 2021)
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Products & Services of Sovos
Sovos offers a comprehensive portfolio of products and services, including Sovos eInvoice, Sovos eArchive, Sovos eReceipt, and Sovos AP Automation. 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.
Global compliance for electronic invoicing is provided efficiently.
Electronic document archiving is managed with full compliance.
Electronic receipts are generated and managed for compliance.
Accounts payable processes are automated for operational efficiency.
Funding Insights of Sovos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Sovos
Sovos has secured backing from 1 investor. Prominent investors backing the company include Sovos. 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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Tax and compliance management solutions are provided for businesses.
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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
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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 Sovos
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Sovos
| 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 |
Sovos Comparisons
Competitors of Sovos
Sovos 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, Exactera, TAINA Technology, TaxJar and Taxdoo, 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 |
Cloud-based tax compliance solutions are delivered for businesses worldwide.
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Compliance management platforms are provided for financial institutions' regulatory needs.
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| domain | founded_year | HQ Location |
Cloud-based tax calculations & compliance solutions for small businesses
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| domain | founded_year | HQ Location |
Sales tax management is offered for online retailers.
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| domain | founded_year | HQ Location |
VAT refunds are claimed by non-Europeans via a mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Sovos
When was Sovos founded?
Sovos was founded in 2006.
Where is Sovos located?
Sovos is headquartered in Sao Paulo, Brazil.
What does Sovos do?
Sovos is engaged in delivering global compliance solutions for electronic invoicing and document management. The company operates within the technology sector, focusing on software for fiscal compliance across various industries including retail, manufacturing, financial services, digital services, and insurance. Solutions such as Sovos eInvoice, eArchive, eReceipt, and AP Automation are offered to streamline processes like invoice management, data extraction, validation, and VAT reporting. Integration with multiple ERP systems is supported to ensure seamless automation and connectivity with over 60 tax administrations worldwide. Operations are maintained in dynamic regulatory environments to assist businesses in achieving continuous tax compliance.
What products or services does Sovos offer?
Sovos offers Sovos eInvoice, Sovos eArchive, Sovos eReceipt, and Sovos AP Automation.
Who are Sovos's investors?
Sovos has 1 investor. Key investors include Sovos.