# DAVO Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/davo-technologies

- Industry: Software
- Headquarters: Westbrook, US
- Website: www.davosalestax.com
- Total disclosed funding: $0.2M
- Latest round: Seed (May 1, 2015)
- Investors on record: 1

## About

DAVO Technologies, LLC provides automated sales tax solutions designed to streamline tax compliance for small businesses, enabling owners to focus on growth without the complexities of tax obligations.Founded in 2011 and headquartered in Westbrook, US, DAVO Technologies, LLC specializes in sales tax automation for small businesses. The company was acquired by Avalara, Inc. in April 2021, though financial details of the transaction were not disclosed. The most recent funding round prior to this acquisition raised USD 5.00 mn from Anania & Associates Investment Company. The company has successfully completed 7 deals since its inception.DAVO by Avalara specializes in providing automated sales tax solutions tailored for small businesses. Their core offering simplifies the process of calculating, collecting, and remitting sales tax, allowing business owners to focus on growth rather than tax compliance. The DAVO app automatically calculates tax rates based on sales data, sets aside collected tax funds, and files necessary returns. This service primarily targets small to medium-sized enterprises in sectors such as retail and e-commerce across the United States.DAVO operates on a subscription-based revenue model, charging clients USD 57.99 per month after a free trial period, with cancellation options via the app. This model is particularly effective for small businesses focusing on direct-to-consumer transactions, allowing consistent revenue generation and promoting long-term customer retention through predictable income streams.As of April 2021, following its acquisition by Avalara, Inc., DAVO Technologies plans to leverage its new partnership to enhance its product offerings. The recent funding will support the development of upcoming features aimed at improving user experience and tax management capabilities. The company also aims to explore expansion opportunities within new geographic regions, specifically targeting additional states within the United States to broaden its market reach.

## Funding rounds

- Seed, May 1, 2015, $0.1M — SixThirty
- Seed, Oct 13, 2014, $0.1M — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed