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Numeral raises $35M in Series B funding led by Mayfield to enhance its AI-powered sales tax compliance platform.

Sep 18, 202525 days ago

Amount Raised

$35 Million

Round Type

series b

San FranciscoFinance

Investors

MantisY CombinatorUncork CapitalBenchmarkMayfield

Description

Numeral, the AI-powered sales tax compliance platform, has announced a $35 million Series B round. The investment, led by Mayfield, will help Numeral further automate the complex sales tax compliance process for e-commerce and SaaS brands. The company has seen rapid growth, processing over $5 billion in transaction volume.

Company Information

Company

Numeral

Location

San Francisco, California, United States

About

Numeral, founded in 2023 and based in San Francisco, handles the intricacies of sales tax compliance for both ecommerce and SaaS companies, providing support throughout the process, from registration to remittance. Numeral has nearly 1,000 active customers and is funded by Benchmark Capital, Uncork Capital, Y Combinator, and FundersClub.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech