I think we can speculate that any public offering is unlikely to happen until next year, if then. In a prepared statement, Avalara CEO Scott McFarlane said, "This financing offers some long-term individual shareholders a liquidity event, while enabling more recent institutional investors to increase their stake. In addition, these funds enable Avalara to continue to accelerate the global growth of our Compliance Cloud platform." Current investors include Sageview Capital, Battery Ventures, Warburg Pincus, Technology Crossover Ventures and Arthur Ventures.
AVALARA RAISES $96 MILLION Featured
Sales tax vendor Avalara has raised $96 million in new capital. Fifty million of that will be used to fund growth and acquisitions while the remainder was used to repurchase shares from early investors. The latest round of financing brings the total raised by the Seattle, Wash.-based company to $300 million.
