TLDR:
- Anrok, a San Francisco-based provider of a sales tax platform for software companies, raises $30M in Series B funding.
- The round was led by Khosla Ventures, with participation from Sequoia Capital, Index Ventures, and others.
Anrok, led by CEO Michelle Valentine, specializes in providing a global sales tax platform for software and digital products. They use the funds from this round of funding to further invest in R&D and product development to enhance their platform. In the past year, they have expanded their platform with additional features such as a reconciliation tool, advanced tax exemption certificate management, and support for VAT and GST compliance in countries that tax remote sellers of software or digital products.
The company has managed compliance for over $7 billion of revenue in the past year, serving clients such as Notion, Vanta, and Anthropic. Michelle Valentine emphasized the global nature of software companies and the need for a dedicated solution to manage recurring revenue and compliance in the digital economy.
