About TaxAct
TaxAct is a company based in Dallas (United States) founded in 1998 was acquired by Cinven in November 2022.. TaxAct has raised $85 million across 1 funding round from investors including TA Associates, Blucora and Cinven. TaxAct has completed 1 acquisition, including Balance Financial. TaxAct offers products and services including Free Edition, Deluxe, Premier, and Self-Employed. TaxAct operates in a competitive market with competitors including TaxDown, OnlinePajak, Blue dot, Anrok and Drake Software, among others.
- Headquarter Dallas, United States
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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 Taxact, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$85 M (USD)
in 1 rounds
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Latest Funding Round
$85 M (USD), Private Equity Round
Mar 30, 2005
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Investors
TA Associates
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of TaxAct
TaxAct offers a comprehensive portfolio of products and services, including Free Edition, Deluxe, Premier, and Self-Employed. 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.
Free online filing for simple tax returns
Handles complex taxes like home ownership
Manages income from stocks and investments
Supports freelancers and business owners
Unlock access to complete
Funding Insights of TaxAct
TaxAct has successfully raised a total of $85M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $85 million completed in March 2005. 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 1
- Last Round Private Equity Round — $85.0M
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First Round
First Round
(30 Mar 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2005 | Amount | Private Equity Round - TaxAct | Valuation |
investors |
| 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 TaxAct
TaxAct has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TA Associates, Blucora and Cinven. 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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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Private equity investments and portfolio management services are provided by Cinven across various sectors.
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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
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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 TaxAct
TaxAct has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Balance Financial. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Personal and business finance management platform
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TaxAct
| 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 |
Taxact Comparisons
Competitors of TaxAct
TaxAct 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 TaxDown, OnlinePajak, Blue dot, Anrok and Drake Software, 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 and app-based tax management solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Tax reporting SaaS platform is provided for SMEs.
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| domain | founded_year | HQ Location |
Tax compliance solutions are delivered for employees and businesses.
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| domain | founded_year | HQ Location |
Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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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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Latest news on Taxact
Frequently Asked Questions about TaxAct
When was TaxAct founded?
TaxAct was founded in 1998 and raised its 1st funding round 7 years after it was founded.
Where is TaxAct located?
TaxAct is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Who is the current CEO of TaxAct?
Curtis Campbell is the current CEO of TaxAct.
Is TaxAct a funded company?
TaxAct is a funded company, having raised a total of $85M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $85M, raised on Mar 30, 2005.
What does TaxAct do?
TaxAct was founded in 1998 in Dallas, United States, as a software-based platform in the tax preparation sector. Federal electronic tax preparation, printing, and electronic filing services are provided, along with tax refund processing. Calculators for taxes, self-employment, and tax brackets are included in its tools. The platform is accessible via an app for Android and iOS devices, supporting operations for both individuals and businesses.
Who are the top competitors of TaxAct?
What products or services does TaxAct offer?
TaxAct offers Free Edition, Deluxe, Premier, and Self-Employed.
How many acquisitions has TaxAct made?
TaxAct has made 1 acquisition, including Balance Financial.
Who are TaxAct's investors?
TaxAct has 3 investors. Key investors include TA Associates, Blucora, and Cinven.
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