# Sabrix

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

- Industry: Software
- Headquarters: Lake Oswego, US
- Website: www.sabrix.com
- Total disclosed funding: $30M
- Latest round: Series D (Jun 21, 2006)
- Investors on record: 4

## About

Sabrix, Inc. specializes in tax compliance solutions, providing businesses with software that automates tax calculations and reporting to ensure regulatory adherence. Their products cater primarily to multinational corporations and accounting firms.Founded in 2002 and headquartered in Lake Oswego, US, Sabrix, Inc. develops solutions to streamline tax compliance processes. In November 2009, the company was acquired by Thomson Reuters, which may have shifted its strategic direction. The firm has undergone a total of 4 funding deals, with the most notable being the Series D round that raised USD 13.00 mn, led by GKM Ventures. The company's current valuation stands at USD 50.171 mn.Sabrix, Inc. provides a comprehensive suite of tax compliance software designed to automate and streamline the tax calculation and reporting lifecycle for businesses. Their flagship product focuses on indirect tax compliance, assisting clients in managing sales and use tax, GST, VAT, and e-invoicing needs. The target customer base includes multinational corporations and accounting firms spanning North America, Europe, Asia-Pacific, and Latin America, helping these entities efficiently navigate complex regulatory landscapes.Sabrix, Inc. generates revenue through subscription and software licensing for its tax compliance products. Clients, such as large corporations and accounting firms, typically engage in annual subscription agreements, providing ongoing access to software and support services. This B2B transaction structure ensures that clients can rely on effective solutions tailored to their high-volume operational demands in tax compliance.Following the acquisition by Thomson Reuters in November 2009, Sabrix, Inc. aims to enhance its product offerings and expand into new markets. The company is expected to leverage the recent funding from the Series D round to introduce innovative solutions and enhance its existing platforms. Specific plans include targeting additional geographic regions for expansion, thereby broadening its client base and improving market reach.

## Funding rounds

- Series D, Jun 21, 2006, $13M — Mohr Davidow Ventures, VSP Capital, Trinity Ventures, GKM Ventures
- Series C, May 14, 2003, $11M — Mohr Davidow Ventures, VSP Capital, Trinity Ventures
- Series B, Nov 11, 2002, $6.2M — Mohr Davidow Ventures, VSP Capital

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series B, Series C, Series D
- VSP Capital (https://capitalatlas.ai/funds/vsp-capital) — Series B, Series C, Series D
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series C, Series D
- GKM Ventures (https://capitalatlas.ai/funds/gkm-ventures) — Series D