Sovos

company

About

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

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
Management Consulting acquisition Detail
Electronics acquisition Detail
Aug 2, 2017 Paperless
Accounting acquisition $ 90M Detail