Avalara, a leader in agentic tax and compliance automation, has secured a $500m equity investment led by BlackRock’s Private Financing Solutions.
Vista Equity Partners, Avalara’s majority shareholder, will maintain its stake. Proceeds from the sale will be used to buy shares from existing investors.
For over 20 years, Avalara has built one of the largest tax content libraries in the industry, serving 43,000+ businesses and government entities in more than 75 countries. Its solutions automate everything from tax calculations and filings to certificate management.
The firm’s Agentic Tax and Compliance™ platform integrates AI agents that perform compliance tasks while keeping humans in control through embedded review checkpoints. The platform runs on a resilient multi-cloud system powered by enterprise LLMs, MCP servers, and intelligent AI agents.
Avalara CEO and co-founder Scott McFarlane said, “Avalara’s mission is to be part of every transaction in the world.
“With support from partners like Vista, we’ve evolved from a single-product innovator to a trusted, comprehensive provider of tax and compliance solutions embedded in our customers’ financial systems through a powerful partner ecosystem. We’re proud to welcome BlackRock as an investor as we work to advance our position as a trusted provider of innovative tax and compliance software.”
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