Avalara raises $100 Million in new financing round

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Avalara Inc., a provider of provider of sales tax and compliance automation services in the cloud, has raised $100 million in a financing round from an affiliate of Warburg Pincus, a global private equity firm.

Avalara offers hundreds of pre-built connectors into accounting, ERP, ecommerce and other business applications, including Microsoft Dynamics ERP. The company's AvaTax connects with Dynamics GP, AX, and NAV to deliver a sales tax automation tool to automate sales tax compliance processes.

"This investment by Warburg Pincus will allow us to put more dollars to work in our growth initiatives," said Scott McFarlane, founder and CEO of Avalara, in a statement. "It also validates our fundamental ...

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