Avalara

Leading cloud-based software platform that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, like VAT..

Launch date

2004

Employees

5001-10000 people

Market cap

Enterprise valuation

AUD12.1b (Public information from Nov 2022)

Company register number 09602094

Durham North Carolina (HQ)

http://avalara.com

https://twitter.com/avalara https://www.facebook.com/avalara https://www.linkedin.com/company/avalara/https://apps.apple.com/app/id1372202638 https://play.google.com/store/apps/details?id=com.avalara.fuseapp

Revenues, earnings & profits over time

USD	2017	2018	2019	2020	2021	2022	2023
Revenues	-	272m	382m	501m	699m	858m	1.0b
% growth	-	-	40 %	31 %	40 %	23 %	22 %
EBITDA	-	(38.0m)	1.0m	17.0m	42.0m	16.0m	62.0m
% EBITDA margin	-	(14 %)	-	3 %	6 %	2 %	6 %
Profit	-	(75.0m)	(50.0m)	(49.0m)	(125m)	(140m)	(137m)
% profit margin	-	(28 %)	(13 %)	(10 %)	(18 %)	(16 %)	(13 %)
EV / revenue	-	7.1x	13.5x	26.4x	16.1x	9.3x	-
EV / EBITDA	-	-50.8x	5169.0x	777.3x	267.2x	500.3x	-
R&D budget	38.5m	50.6m	82.5m	-	-	-	-
R&D % of revenue	-	19 %	22 %	-	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
Aug 2004	Patrick Falle	N/A	Seed
May 2010	N/A	$4.9m	Early VC
Apr 2011	Sageview Capital	$21.0m	Series B
Jun 2012	Battery Ventures	$20.0m	Late VC
Jan 2013	N/A	$430k	Late VC
Feb 2014	Battery Ventures Arthur Ventures Sageview Capital	$30.0m	Late VC
May 2014	N/A	$26.3m	Growth Equity VC
Nov 2014	Warburg Pincus	$100m	Growth Equity VC
Jan 2015	Battery Ventures Technology Crossover Ventures Warburg Pincus Arthur Ventures	$42.0m	Growth Equity VC
Sep 2016	Battery Ventures Technology Crossover Ventures Warburg Pincus Arthur Ventures Sageview Capital	$96.0m	Growth Equity VC
Jun 2018	N/A	$158m Valuation: $1.4b	IPO
Aug 2021	N/A	$960m	Post IPO Convertible
Aug 2022*	Vista Equity Partners	$8.4b Valuation: $8.4b 12.0x EV/LTM Revenues 200.0x EV/LTM EBITDA	Buyout
Total Funding		AUD526m