Anrok Raises $4.3M in Seed Funding
- Anrok, a San Francisco, CA-based sales tax solution built specifically for software-as-a-service (SaaS) businesses, raised $4.3M in seed funding
- The round was co-led by Index Ventures and Sequoia Capital
- The company intends to use the funds to continue to expand operations and its business reach
- The company provides a platform that allows internet businesses to determine, calculate, and manage sales tax obligations
- The platform plugs into a company’s billing and payment systems, incorporating each state’s nexus thresholds and taxability rules in real time
- Transactions are then stored and automatically organized into returns for filing – an obligation which has increased from virtually never
