Anrok

Automates sales tax compliance for SaaS

San Francisco, California, United States

About Anrok

Anrok automates sales tax compliance specifically for Software as a Service (SaaS) companies. Its platform connects with billing systems like Recurly to provide real-time sales tax calculations, ensuring that invoices are accurate and adhere to local tax laws. This automation helps businesses save time, minimize the risk of non-compliance, and allows them to concentrate on growth instead of administrative tasks. Anrok operates on a subscription model, which generates recurring revenue while delivering continuous value to its clients. The company has seen significant growth and investment, including a $30 million Series B funding round, indicating a strong demand for its services.

San Francisco, CaliforniaHeadquarters
2020Year Founded
$52.8MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Flexible Sick Leave
Professional Development Budget
Home Office Stipend
Meal Benefits
Hybrid Work Options
Company Equity

Risks

Increased competition from established firms like Avalara and Vertex.
Potential regulatory changes in key markets like the EU and US.
Dependency on third-party integrations like Recurly and Chargebee.

Differentiation

Anrok specializes in automating sales tax compliance for SaaS companies.
The platform integrates seamlessly with billing systems like Recurly and Chargebee.
Anrok offers a unified platform for monitoring, calculating, and remitting sales taxes.

Upsides

Anrok raised $30 million in Series B funding led by Khosla Ventures.
Growing demand for automated tax solutions as SaaS companies expand globally.
Subscription-based model provides stable and predictable revenue streams.

Funding

Total raised$52.82 M
Latest valuation$150.00 M
StageSERIES_B
EARLY VC
2/28/2022
$20
$100.00 M
$4
$21.50 M