Numeral raises $100m Series C to expand tax-compliance platform
Insight Partners led the round, with funding earmarked for product development, broader industry coverage and hiring.
Salesforce Ventures, Geodesic Capital, Benchmark, Mayfield, FCVC, Y Combinator and Uncork Capital also participated.
Numeral plans to expand its offering for software, manufacturing, distribution and wholesale businesses. Its platform manages sales-tax obligations from monitoring and registration through calculation, filing and remittance, combining automation with access to tax specialists.
Use of funds
Product development
Expand across software, manufacturing, distribution and wholesale
Grow engineering and commercial teams