Sovos

About

Sovos specializes in tax compliance and business-to-government reporting software.

Wilmington,Massachusetts,United States
501 - 1000
http://sovos.com

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $720.23K
Industries: Enterprise Resource Planning (ERP),Enterprise Software,Financial Services,Software
Founded date: Jan 1, 1979
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: Sovos Compliance, LLC.
Also Known As: Sovos Compliance

Sovos focuses on tax compliance and business-to-government reporting software, safeguarding businesses from the burden and risk of compliance around the world. As governments go digital, businesses face increased risk and complexity. The Sovos Intelligent Compliance Cloud combines world-class regulatory analysis with a cloud software platform to create an adaptable, connected, and global compliance solution that keeps businesses ahead of the ever-changing regulatory environment. Sovos supports 4,500 companies, including half of the Fortune 500, and integrates with a wide variety of business applications. Based in Boston, Sovos has offices throughout North America, Latin America, and Europe.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$31.97M

Sovos has raised a total of $31.97M in funding over 2 rounds. Their latest funding was raised on Nov 30, 2022 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 30, 2022	Seed	$720.23K	—	—	—	Detail
Aug 20, 2020	Private Equity（PE）	$31.25M	2	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

—

2

Sovos is funded by 2 investors. Gero Wittemann and TA Associates are the most recent investors.

Investor Name	Lead Investor	Funding Round
Gero Wittemann	—	Private Equity（PE）
TA Associates	—	Private Equity（PE）

Employee Profiles

Number of Employee Profiles

25

Sovos has 25 current employee profiles, including Executive Alex Smith

Executive

Executive

Executive

Executive

Executive

Acquisition

Sovos has acquired 22 organizations. Their most recent acquisition was Taxware on Feb 25, 2015. They acquired Taxware for 0.

Date Company Name	Industry	Acquisition Type	Price
Feb 25, 2015 Taxware	Information Technology	acquisition	—	Detail
Apr 10, 2015 ShipCompliant	E-Commerce	acquisition	—	Detail
May 26, 2015 Imaging Science and Services	Management Consulting	acquisition	—	Detail
Jun 9, 2016 Invoiceware International	Electronics	acquisition	—	Detail
Aug 2, 2017 Paperless	Accounting	acquisition	$ 90M	Detail