# CereTax

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ceretax

- Industry: Software
- Headquarters: Alpharetta, US
- Website: www.ceretax.com
- Total disclosed funding: $14M
- Latest round: Series A (Feb 1, 2024)
- Investors on record: 3

## About

Founded in 2021 and based in Georgia, the US, CereTax, Inc. operates as a SaaS that provides tools for tax and sales automation monitoring in businesses. In August 2022, CereTax, Inc. raised USD 10 million in seed funding from Leaders Fund. Mike Sanders (CEO) and Brent Reeves are the co-founders of the company.

The company provides solutions, including a sales tax automation platform, that allows businesses to grow, enter new verticals, and minimize audit risks. The firm's automation platform solves business tax challenges such as sales tax on purchases, exemption management, and registrations and compliance, and its API integrates with any point-of-sale, billing platform, ERP, or shopping cart.

CereTax also provides a purchase-side platform, which has the ability to interpret and tax sensitize subjective purchase transactions through a logical and intuitive rules engine. The startup's partners include KPMG, Blulogix, OneBill, TimelyBill, CLA, and more. It serves industries including communications, digital goods, manufacturing, and retail. In February 2024, CereTax raised USD 3.89 million in series A funding led by S3 Ventures, with participation from Leaders Fund and Wild Basin Investments.

The organization plans to use the August 2022 funding for its expansion, growth, and product development.

## Funding rounds

- Series A, Feb 1, 2024, $3.9M — S3 Ventures, Wild Basin Investments, Leaders Fund
- Seed, Aug 10, 2022, $10M — Leaders Fund

## Investors

- Leaders Fund (https://capitalatlas.ai/funds/leaders-fund) — Seed, Series A
- S3 Ventures (https://capitalatlas.ai/funds/s3-ventures) — Series A
- Wild Basin Investments (https://capitalatlas.ai/funds/wild-basin-investments) — Series A