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- Exactera
Exactera Valuation, Funding & Investors
Exactera is valued at $241M as of September 2019.
Last Exactera valuation
$241M
Series B · Sep 2019
Last Exactera funding round
$33M
Undisclosed stage · Jul 2023
Cumulative funding Exactera raised
$134M
across 4 funding rounds
Key investors in Exactera
Insight Partners
Kennet Partners
Savant Growth
About Exactera
Exactera is an AI-powered provider of tax compliance solutions for transfer pricing, R&D tax credits, and tax provisions. Its Exactera Transfer Pricing platform automates documentation compliant with local regulations using AI and expert review. ExactMatch delivers benchmarking via functional profiles, while ExactReport integrates a virtual assistant into Microsoft Word for guided file creation. The company serves multinational enterprises from its U.S. operations.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$241M (Sep 2019)
Exactera Valuation
Exactera is currently valued at $241M, based on its Series B in September 2019.
The $40M round was led by Insight Partners.
Exactera's valuation has grown 11x from $21M at its Series A in December 2017 to $241M in September 2019, across 2 priced rounds.
Exactera valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2019 | Series B | $241M |
| Dec 2017 | Series A | $21M |
Exactera Funding History
Exactera has raised a total of $134M across 4 funding rounds.
Exactera's first fundraising round was a $6M Series A in December 2017. The most recent completed round was a $33M undisclosed-stage round in July 2023.
Exactera funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2023 | Undisclosed stage | Insight Partners (lead); Savant Growth (lead) | $33M | - | Exactera is a leader in technology-driven tax compliance solutions, offering transfer pricing, income tax provision, and R&D tax credit services powered by AI models to enhance intelligence, efficiency, and value for customers. On July 17, 2023, the company announced a $33 million funding round from Insight Partners and Savant Growth, described as additional funding or Series B, bringing total funding to $73 million across rounds. The capital supports ongoing product development, innovation in its core solutions, and evaluation of acquisition targets as part of its growth strategy. Alongside the funding announcement, Exactera unveiled a new brand identity and appointed Walter Scott, former CEO of Devo, as its new CEO with over 25 years of executive experience. Insight Partners' Managing Director Henry Frankievich and Savant Growth's Founder Javier Rojas expressed enthusiasm for Exactera's innovation, customer experience, and strategic growth in tax compliance. Shortly after, in August 2023, Exactera acquired RoyaltyStat. Investors include Insight Partners (initially in 2019), Savant Growth, NewSpring, and Kennet Partners from prior rounds. |
| Mar 2021 | Undisclosed stage | Insight Partners (lead) | $55M | - | - |
| Sep 2019 | Series B | Insight Partners (lead) | $40M | $241M | Exactera is a New York-based provider of technology-driven tax compliance solutions, specializing in transfer pricing, income tax provision, and R&D tax credit solutions. The company raised $40 million in a Series B funding round on September 24, 2019, led by Insight Partners, achieving a post-money valuation of $240.51 million. This round was part of Exactera's growth strategy to expand its offerings across the U.S., Puerto Rico, and Canada. The company continued to scale its product offerings leveraging AI and tax expertise, ultimately leading to further growth capital raises, including a subsequent $33 million Series B-2 round on March 30, 2021 that valued the company at $454.54 million. |
| Dec 2017 | Series A | Kennet Partners (lead) | $6M | $21M | Exactera provides corporate tax compliance solutions, including transfer pricing tools, tax provisions, and tax credits across the U.S., Puerto Rico, and Canada. The company, founded by Michael Hickman, Walter Scott, and Donald Scherer JD, secured its Series A funding round on December 13, 2017, raising $8.5 million led by Kennet Partners at a post-money valuation of $21.25 million. This marked Kennet's investment in the bootstrapped software company to support expansion. Subsequent rounds included a Series B of $40 million on September 24, 2019, led by Insight Partners at a $240.51 million post-money valuation, followed by additional Series B extensions. Later developments featured a Series B-1 in November 2021 raising $15 million at $240.51 million valuation and a Series B-2 in March 2021 raising $67.4 million at $454.54 million valuation, with participation from Insight Venture Partners and Savant Growth Partners. Exactera raised a total of over $100 million in venture funding before its acquisition by Thomson Reuters. |
Who has invested in Exactera?
3 investors have backed Exactera across its funding rounds, including Insight Partners, Kennet Partners and Savant Growth.
Lead investors include Insight Partners, Savant Growth and Kennet Partners.
Exactera Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2019 | ||
This data is available for Pro users. Sign up to see all 3 Exactera investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Exactera
Exactera has acquired 1 company to date.
Last acquisition by Exactera was on August 14th 2023. Exactera acquired RoyaltyStat for undisclosed valuation.
Latest Acquisitions by Exactera
| Description | RoyaltyStat is an online database featuring royalty rates from thousands of license agreements worldwide, paired with transfer pricing analytics tools. Analysts use its benchmarks for IP valuation in tax, litigation, and M&A contexts across sectors like technology, pharma, and media. |
| HQ Country | |
| HQ City | Washington, DC |
| Deal Date | 14 Aug 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Exactera acquisitions and their M&A valuation multiples. Start Free Trial | |
Exactera Competitors
Exactera competitors include listed companies like Zaggle Prepaid Ocean and Avant Group, and private ones like Jobis, Tinybird, BukuWarung and Course5 Intelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $250M | - | ||
| Private | - | - | $240M | - | ||
| Private | - | - | $250M | - | ||
| Private | $50M | - | $250M | 5.0x | ||
| Publicly listed | $199M | $20M | $255M | 1.0x | ||
| Publicly listed | $181M | $35M | $271M | 0.9x |
Exactera Public Comps
Exactera is still privately-owned, but its public comps include AInnovation Technology, Zaggle Prepaid Ocean, MCAP, Expensify, Avant Group, Abeja, Coveo Solutions, PCA Corp., Expert.ai and Appen.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $226M | ($30M) | 0.7x | 0.8x | (5.7x) | (4.6x) | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
| - | - | - | - | - | - | |||
| $142M | ($8M) | 1.1x | 1.1x | (19.6x) | 7.0x | |||
| $181M | $35M | 1.0x | 0.9x | 5.3x | 5.7x | |||
| $23M | $3M | 7.8x | 6.4x | 60.9x | - | |||
| $148M | ($25M) | 1.2x | 1.2x | (7.3x) | 107.6x | |||
| $97M | $17M | 0.9x | 0.8x | 5.1x | - | |||
This data is available for Pro users. Sign up to see all Exactera competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Exactera
| When was Exactera founded? | Exactera was founded in 2016. |
| Where is Exactera headquartered? | Exactera is headquartered in New York City, NY, United States. |
| Is Exactera publicly listed? | No, Exactera is a private, VC-backed company. |
| What is Exactera's valuation? | Exactera was last valued at $241M in its Series B in September 2019. |
| How much funding has Exactera raised? | Exactera has raised $134M across 4 funding rounds. |
| What was Exactera's last funding round? | Exactera's last funding round was a $33M undisclosed-stage round in July 2023, led by Insight Partners and Savant Growth. |
| Who are Exactera's investors? | Exactera's investors include Insight Partners, Kennet Partners and Savant Growth. |
| Which companies are comparable to Exactera? | Companies comparable to Exactera include Jobis, Tinybird, BukuWarung, Course5 Intelligence, Zaggle Prepaid Ocean and Avant Group. |
| How many companies has Exactera acquired? | Exactera has acquired 1 company, including RoyaltyStat. |
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