Anrok has raised a total of $54.3 million across multiple funding rounds, including a $30 million Series B round in April 2024, achieving a valuation of $250 million. The San Francisco-based company provides a comprehensive sales tax solution for SaaS businesses, automating compliance across various financial systems. With a workforce of 51–100 employees, Anrok helps finance teams efficiently monitor, calculate, and remit taxes, thereby simplifying global VAT, GST, and sales tax obligations.
Keep reading to explore Anrok’s funding journey, key investors, and what’s next for this innovative SaaS compliance platform.
What Is Anrok and What Does It Do?
Founded in 2020 by Kannan Goundan and Michelle Valentine, Anrok is headquartered in San Francisco, California, United States. The company specializes in automating sales tax compliance for SaaS businesses, unifying monitoring, calculation, and remittance across multiple financial systems.
Anrok’s platform streamlines tax compliance, helping finance teams reduce errors, save time, and scale globally while navigating complex VAT, GST, and sales tax regulations.
How Much Funding Has Anrok Raised?
- Seed Round
- Amount Raised: $4.3M
- Date: June 2021
- Lead Investors: Index Ventures, Sequoia Capital
- Motivation: To develop the initial sales tax compliance platform.
- Series A
- Amount Raised: $20M
- Date: March 2022
- Lead Investors: Index Ventures, Sequoia Capital
- Motivation: To expand platform capabilities and scale operations.
- Series B
- Amount Raised: $30M
- Date: April 2024
- Lead Investors: Khosla Ventures
- Valuation at Round: $250M
- Motivation: To strengthen Anrok as the tax compliance infrastructure behind the digital economy.
Total Funding Raised: $54.3M
Latest Funding Date: April 2024
Current Valuation: $250M
Key Investors
- Khosla Ventures
- Details: VC firm focused on transformative technologies; led Series B.
- Investment Focus Areas: Technology, healthcare, clean technology
- Notable Investments: Square, DoorDash, Impossible Foods
- Sequoia Capital
- Details: Venture capital firm backing seed to growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, Airbnb
- Index Ventures
- Details: VC investing in technology-enabled companies across the U.S. and Europe.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Dropbox, Slack, Robinhood
- Karen Peacock
- Details: CEO of Intercom and individual investor.
- Investment Focus Areas: SaaS, customer engagement, technology
- Elad Gil
- Details: Serial entrepreneur and angel investor.
- Investment Focus Areas: Technology, healthcare, consumer internet
- Notable Investments: Airbnb, Stripe, Square
Where Is Anrok’s Headquarters?
Anrok is headquartered in San Francisco, California, United States, providing access to top SaaS talent, investors, and enterprise partners to scale its sales tax compliance platform globally.
What’s Next for Anrok?
With a $250 million valuation and $30 million in recent funding, Anrok plans to expand globally, adding features like reconciliation tools and advanced tax exemption management. Future fundraising and strategic acquisitions may follow to strengthen its platform, but challenges include navigating evolving global tax regulations and maintaining scalability.
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