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TaxJar Closes $60 Million in Series A Funding Round

TaxJar Closes $60 Million in Series A Funding Round
Credit: taxjar.com

TaxJar, a sales tax automation company for e-commerce businesses and developers, secured a $60 million growth equity round of funding from Insight Venture Partners. TaxJar’s most recent funding was a $2 million Series Seed round led by Rincon Venture Partners and Daher Capital in 2014, which allowed TaxJar to reach profitability in 2016.

TaxJar plans to use the funds to expand its 100% remote team of 60 in addition to accelerating product development, research, and go-to-market for their new mid-market offering, TaxJar Plus.