The financial services startup DAVO by Avalara promises to revolutionize sales tax management with its slogan "Never worry about sales tax again." Founded in 2011 in the United States, DAVO Sales Tax offers a unique solution that automatically sets aside sales tax daily using POS sales data. This innovative approach ensures timely and full payment of sales tax, backed by a guarantee. DAVO's features include automatic daily tax allocation, timely and guaranteed filing and payment, a flat monthly fee without hidden charges, and live support for easy setup. Additionally, it offers state refunds for on-time filing and storage of tax documents for future reference, with support available in English and Spanish. The company secured a Corporate Round investment on 01 October 2018, with backing from Anania & Associates Investment Company. This investment signifies confidence in DAVO as a disruptor in the financial services sector, offering a unique approach to sales tax management. With its track record and investor support, DAVO by Avalara is poised to further solidify its position in the market and continue innovating in sales tax automation and compliance for businesses.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Corporate Round | Unknown | 1 | Anania & Associates Investment Company | 01 Oct 2018 |
Venture Round | $1.00M | 1 | 01 May 2018 | |
Seed Round | $1.10M | - | 01 Oct 2017 | |
Seed Round | $550.00K | - | 31 Mar 2016 | |
Seed Round | $140.00K | 1 | 01 May 2015 |
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