Numeral Secures $35 Million to Revolutionize Sales Tax Compliance
September 24, 2025, 3:56 pm
Location: United States, California, Mountain View
Employees: 51-200
Founded date: 2005
Numeral, a leading AI-powered sales tax compliance platform, recently secured $35 million in Series B funding. Mayfield spearheaded this round. The capital propels Numeral's aggressive product innovation, global expansion, and advanced AI automation. The platform expertly navigates the US's intricate 11,000+ sales tax jurisdictions and constant regulation shifts. It already processes over $5 billion in transactions. It files 150,000 tax returns for more than 2,000 e-commerce and SaaS brands. This latest injection brings Numeral's total funding to an impressive $57 million, underscoring its pivotal role in transforming finance operations for businesses worldwide.
Numeral just announced a major financial milestone. The AI-driven sales tax compliance platform secured $35 million in Series B funding. This significant investment fuels the company's ambitious plans. It will drive product innovation. It targets global expansion. It also strengthens AI automation capabilities. This Series B round was led by Mayfield, a prominent venture capital firm. Benchmark, Uncork Capital, Y Combinator, and Mantis also participated. These investors recognize Numeral's transformative potential.
Sales tax compliance is a monumental challenge for businesses. The landscape is incredibly complex. The United States alone boasts over 11,000 distinct tax jurisdictions. Each jurisdiction has unique rules. Each sets specific deadlines. Definitions of taxable goods and services vary widely. This intricate web constantly shifts. The first half of 2025 saw over 400 changes to sales tax rates. This number represents a sharp increase from prior years. Businesses face an immense administrative burden. Even smaller companies must manage obligations in over 30 states. They juggle numerous monthly, quarterly, and annual deadlines.
Navigating this regulatory maze costs businesses dearly. Companies spend tens of thousands of dollars annually. They invest in expensive compliance tools. They engage in costly audits. They hire specialized tax professionals. All this effort aims to simply stay compliant. Financial teams divert valuable resources. They focus on tax codes instead of core business growth. The risk of errors is high. Penalties for non-compliance are severe. This problem creates a clear demand for efficient solutions.
Numeral provides that essential solution. Its platform is fully automated. It covers the entire sales tax lifecycle. This begins with nexus detection. It identifies where a business incurs tax obligations. It then handles state registration. It prepares and files returns. It remits payments. It manages exemption certificates. The system operates with precision. It guarantees error-free filing. This promise offers businesses crucial peace of mind. Numeral also boasts exceptional customer support. It maintains straightforward pricing structures. Its comprehensive approach simplifies a historically painful process.
The company has achieved impressive growth since its inception. Numeral launched in early 2023. Sam Ross serves as CEO. Matt DuVall, a former engineer at Stripe and Notion, is CTO. They quickly built a robust platform. It processes over $5 billion in transaction volume. It has filed an astounding 150,000 sales tax returns. The company's revenue reflects this rapid adoption. It surged 3.5 times in the past year. This growth highlights the urgent market need for its services.
Numeral currently serves a diverse clientele. Over 2,000 e-commerce and SaaS brands rely on its platform. Notable customers include Ridge, Eight Sleep, Graza, Grüns, and Manus. These businesses span various industries. They all share the common pain point of sales tax complexity. Numeral’s advanced AI workflows are a key differentiator. They enable compliance support across more than 60 countries. This global capability positions Numeral as a leader in international tax management. Expert services back these AI-driven functionalities.
This Series B funding builds upon prior successful rounds. Numeral initially raised $4 million in seed funding. Y Combinator and Uncork Capital provided that early capital. The company then secured an $18 million Series A round. Benchmark Capital led that investment earlier this year. The latest $35 million injection brings Numeral’s total funding to $57 million. This substantial capital underscores investor confidence. It validates Numeral’s technology and market strategy. It also reflects the massive potential of AI in finance.
The new capital will drive Numeral's strategic objectives. A primary focus is continued product innovation. The company aims to develop even more sophisticated features. It seeks to enhance its AI capabilities. This ensures the platform remains cutting-edge. Global expansion is another key priority. Numeral plans to extend its reach into new markets. It will offer its solution to more businesses worldwide. Further AI-driven automation capabilities are also central to the plan. This continuous improvement will solidify Numeral's market position. It empowers finance teams. It allows them to concentrate on strategic initiatives. They no longer wrestle with complex tax codes. Numeral is transforming sales tax compliance. It puts it on autopilot for modern businesses everywhere.
Numeral just announced a major financial milestone. The AI-driven sales tax compliance platform secured $35 million in Series B funding. This significant investment fuels the company's ambitious plans. It will drive product innovation. It targets global expansion. It also strengthens AI automation capabilities. This Series B round was led by Mayfield, a prominent venture capital firm. Benchmark, Uncork Capital, Y Combinator, and Mantis also participated. These investors recognize Numeral's transformative potential.
Sales tax compliance is a monumental challenge for businesses. The landscape is incredibly complex. The United States alone boasts over 11,000 distinct tax jurisdictions. Each jurisdiction has unique rules. Each sets specific deadlines. Definitions of taxable goods and services vary widely. This intricate web constantly shifts. The first half of 2025 saw over 400 changes to sales tax rates. This number represents a sharp increase from prior years. Businesses face an immense administrative burden. Even smaller companies must manage obligations in over 30 states. They juggle numerous monthly, quarterly, and annual deadlines.
Navigating this regulatory maze costs businesses dearly. Companies spend tens of thousands of dollars annually. They invest in expensive compliance tools. They engage in costly audits. They hire specialized tax professionals. All this effort aims to simply stay compliant. Financial teams divert valuable resources. They focus on tax codes instead of core business growth. The risk of errors is high. Penalties for non-compliance are severe. This problem creates a clear demand for efficient solutions.
Numeral provides that essential solution. Its platform is fully automated. It covers the entire sales tax lifecycle. This begins with nexus detection. It identifies where a business incurs tax obligations. It then handles state registration. It prepares and files returns. It remits payments. It manages exemption certificates. The system operates with precision. It guarantees error-free filing. This promise offers businesses crucial peace of mind. Numeral also boasts exceptional customer support. It maintains straightforward pricing structures. Its comprehensive approach simplifies a historically painful process.
The company has achieved impressive growth since its inception. Numeral launched in early 2023. Sam Ross serves as CEO. Matt DuVall, a former engineer at Stripe and Notion, is CTO. They quickly built a robust platform. It processes over $5 billion in transaction volume. It has filed an astounding 150,000 sales tax returns. The company's revenue reflects this rapid adoption. It surged 3.5 times in the past year. This growth highlights the urgent market need for its services.
Numeral currently serves a diverse clientele. Over 2,000 e-commerce and SaaS brands rely on its platform. Notable customers include Ridge, Eight Sleep, Graza, Grüns, and Manus. These businesses span various industries. They all share the common pain point of sales tax complexity. Numeral’s advanced AI workflows are a key differentiator. They enable compliance support across more than 60 countries. This global capability positions Numeral as a leader in international tax management. Expert services back these AI-driven functionalities.
This Series B funding builds upon prior successful rounds. Numeral initially raised $4 million in seed funding. Y Combinator and Uncork Capital provided that early capital. The company then secured an $18 million Series A round. Benchmark Capital led that investment earlier this year. The latest $35 million injection brings Numeral’s total funding to $57 million. This substantial capital underscores investor confidence. It validates Numeral’s technology and market strategy. It also reflects the massive potential of AI in finance.
The new capital will drive Numeral's strategic objectives. A primary focus is continued product innovation. The company aims to develop even more sophisticated features. It seeks to enhance its AI capabilities. This ensures the platform remains cutting-edge. Global expansion is another key priority. Numeral plans to extend its reach into new markets. It will offer its solution to more businesses worldwide. Further AI-driven automation capabilities are also central to the plan. This continuous improvement will solidify Numeral's market position. It empowers finance teams. It allows them to concentrate on strategic initiatives. They no longer wrestle with complex tax codes. Numeral is transforming sales tax compliance. It puts it on autopilot for modern businesses everywhere.