Numeral, a San Francisco, CA-based platform for sales tax compliance for e-commerce and SaaS businesses, has raised $18 million in Series A funding.
Investors
The round was led by Benchmark Capital, with participation from existing seed investors Uncork Capital, Y Combinator, and FundersClub, bringing Numeral's raised a total of $22 million.
Benchmark Capital is a venture capital firm that invests in early-stage technology startups. The firm invests in Series A-stage companies in mobile computing, enterprise software, and financial services. Founded in 1995, Benchmark invests in companies based in the United States and Europe.
Numeral Use of Funds
The company will use the funding to expand into the SaaS marketplace, pursue international expansion, and hire additional engineering talent to support its growth.
About the Company
Founded in 2023 by Sam Ross and Matt DuVall, Numeral provides an end-to-end platform for sales tax compliance for businesses, particularly in the ecommerce and SaaS sectors. The company uses AI to streamline and automate the sales tax process and handles everything from registration to remittance across multiple states. Headquartered in San Francisco, CA, Numeral serves over 1,000 businesses, including Ridge, Graza, immi, Nomad, and Muddy Bites.
Funding Details
Company: Numeral
Raised: $18.0M
Round: Series A
Funding Date: March 2025
Lead Investor: Benchmark Capital
Additional Investors: Uncork Capital, Y Combinator, FundersClub
Company Website: https://www.numeralhq.com/
Software Category: Tax Compliance
Source: https://www.businesswire.com/news/home/20250305498838/en/