Numeral Empowers Growing E-Commerce & SaaS Brands with Complete End-to-End Sales Tax Automation Backed by $57M in Funding
Numeral, the AI-powered sales tax compliance platform, today announced a $35 million Series B led by Mayfield, with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis. The announcement follows a year of rapid growth for Numeral, which has processed over $5 billion in transaction volume, filed 150,000 sales tax returns, and achieved 3.5x year-over-year revenue growth.
Numeral Secures $18 Million in Series A Funding to Help Businesses Manage State-by-State Sales Tax Requirements
Numeral, a company that handles the intricacies of sales tax compliance for both ecommerce and SaaS companies, has secured $18M in Series A funding led by Benchmark Capital with participation from existing seed investors Uncork Capital, Y Combinator and FundersClub. Numeral has raised $22 million to date and has seen 3X+ revenue and customer growth in the past year based on its ability to help over 1,000 businesses, including Ridge, Graza, immi, Nomad and Muddy Bites, collect tax for out-of-state sales, as mandated by the U.S. Supreme Court in 2018.
Numeral Surpasses $500M in Revenue Processed
Numeral, the high-volume order-to-cash accounting automation platform, proudly announces a significant milestone, having processed over $500 million in revenue on its platform since its inception in 2022.
Numeral Raises $3 Million in Seed Round to Reimagine High-Volume Accounting Automation
Numeral, the subledger for high-volume businesses, announced today the closing of its oversubscribed seed round. The company has raised $3,000,000 in this recent round led by Bienville Capital with participation from AngelList Quant Fund, executives from Kruze Consulting, and accounting leaders at high-volume businesses.
