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Sales tax software company, TaxJar has closed a $60 million equity round of funding. The company, which serves eCommerce businesses and developers, says it will use the proceeds to expand its employee base and speed up product development and research.
Insight Venture Partners provided the funds.
The company will invest in go-to-market activities for its mid-market application TaxJar Plus, which is designed for high-growth and high-volume eCommerce businesses. TaxJar will also double its remote team of 60 individuals.
Mark Faggiano, founder and CEO, said in a prepared statement, the company serves more than 15,000 small business merchants.
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