About TaxCloud
TaxCloud is a company based in Norwalk (United States) founded in 2008.. TaxCloud has raised $23.26 million across 4 funding rounds from investors including Camber Partners. TaxCloud offers products and services including Sales Tax Calculation, Sales Tax Filing, Nexus Insights, and API Integrations. TaxCloud operates in a competitive market with competitors including TaxAct, TaxDown, Exactera, TaxScouts and Drake Software, among others.
- Headquarter Norwalk, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Federal Tax Authority, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.26 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Series B
Jan 22, 2025
- Investors
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Employee Count
Employee Count
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Products & Services of TaxCloud
TaxCloud offers a comprehensive portfolio of products and services, including Sales Tax Calculation, Sales Tax Filing, Nexus Insights, and API Integrations. 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.
Automates accurate sales tax computations for US jurisdictions.
Handles automated reporting and remittance of sales taxes.
Provides insights on economic nexus for tax obligations.
Enables seamless connections with eCommerce platforms for tax handling.
Unlock access to complete
Funding Insights of TaxCloud
TaxCloud has successfully raised a total of $23.26M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in January 2025. 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 4
- Last Round Series B — $2.0M
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First Round
First Round
(28 Dec 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series B - TaxCloud | Valuation |
investors |
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| Apr, 2023 | Amount | Series B - TaxCloud | Valuation | Camber |
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| Feb, 2015 | Amount | Seed - TaxCloud | Valuation |
investors |
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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 TaxCloud
TaxCloud has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Camber Partners. 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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Growth equity investments are made in SaaS businesses by Camber Partners.
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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 TaxCloud
| 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 - TaxCloud
| 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 |
Taxcloud Comparisons
Competitors of TaxCloud
TaxCloud 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 TaxAct, TaxDown, Exactera, TaxScouts 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 |
Tax filing software is offered for individuals and businesses.
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| 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 compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Tax planning is delivered via chatbots and human advisors.
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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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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| 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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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 Taxcloud
Frequently Asked Questions about TaxCloud
When was TaxCloud founded?
TaxCloud was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is TaxCloud located?
TaxCloud is headquartered in Norwalk, United States.
Is TaxCloud a funded company?
TaxCloud is a funded company, having raised a total of $23.26M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.12M, raised on Dec 28, 2011.
What does TaxCloud do?
TaxCloud was founded in 2008 and is headquartered in Norwalk, United States. The platform operates within the tax technology sector, providing software solutions for sales tax calculation, compliance, and reporting tailored to business locations and calendars. Additional services include tax filing, returns preparation, and audit support, enabling efficient handling of multi-jurisdictional tax obligations for e-commerce and retail operations.
Who are the top competitors of TaxCloud?
What products or services does TaxCloud offer?
TaxCloud offers Sales Tax Calculation, Sales Tax Filing, Nexus Insights, and API Integrations.
Who are TaxCloud's investors?
TaxCloud has 1 investor. Key investors include Camber Partners.