Monday, November 10, 2014

Avalara Gets $100M From Warburg Pincus

Bainbridge Island, Washington-based Avalara has scored a huge, $100M financing round, from private equity investor Warburg Pincus. Avalara announced the deal Monday, saying the funding will go towards growth, including international expansion and strategic acquisitions. Warburg's Justin Sadrian joins Avalara's board with the funding. Avalara says it has now raised more than $200M since 2004, from investors that include Sageview Capital and Battery Ventures, along with others. Warburg said ths investment is its third in the Seattle area; the company is also an investor in A Place for Mom and PayScale.