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- Numeral
Numeral Revenue, Valuation, Funding & Investors
Numeral is valued at $350M as of September 2025, a 70.0x revenue multiple. Numeral revenue was $5M, as disclosed with its latest round.
Last Numeral valuation
$350M
Series B · Sep 2025
Last Numeral funding round
$100M
Series C · Sep 2026
Numeral revenue
$5M
Series B · Sep 2025
Key investors in Numeral
Y Combinator
Uncork Capital
FundersClub
Benchmark
Mayfield Fund
Insight Partners
About Numeral
Numeral is an automated sales tax compliance service for U.S. ecommerce and SaaS firms tracking nexus in 50 states and 10,000 localities. Handling registrations in Texas and California, it calculates rates for 2024 updates, manages 1099 forms, and files quarterly returns via API integrations with Shopify and Stripe. Dashboards monitor liabilities for 2,000 merchants.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$5M (Sep 2025)
Valuation
$350M (Sep 2025)
Numeral Valuation
Numeral is currently valued at $350M, based on its Series B in September 2025.
The $35M round was led by Mayfield Fund, with participation from Y Combinator, Benchmark, Uncork Capital and MANTIS Venture Capital.
Numeral valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2025 | Series B | $350M | 70.0x |
Numeral Revenue
Numeral's latest recorded revenue is $5M, as of its Series B in September 2025. At a $350M valuation, that implies a 70.0x revenue multiple.
Numeral revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2025 | $5M | $350M | 70.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Numeral Funding History
Numeral has raised a total of $158M across 5 funding rounds.
Numeral's first fundraising round was a $500K pre-seed round in April 2023. The most recent completed round was a $100M Series C in September 2026.
Numeral funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Series C | Insight Partners (lead); Salesforce Ventures; Y Combinator; Benchmark; Geodesic Capital; FundersClub; Uncork Capital; Mayfield Fund | $100M | - | Numeral raised $100 million in a Series C financing on September 23, 2026, led by Insight Partners with participation from Salesforce Ventures, Geodesic, Benchmark, Mayfield, FCVC, Y Combinator, and Uncork. The round was a private venture financing. The company said the capital would be used to accelerate product development, broaden its offering for software, manufacturing, distribution, and wholesale, and expand its engineering, sales, marketing, and product teams. Numeral is an AI-powered sales tax compliance platform founded in 2023 and based in San Francisco. The company said the financing brought its total funding to $157 million and that it helps businesses manage US sales tax, VAT, and GST compliance across more than 90 countries. |
| Sep 2025 | Series B | Mayfield Fund (lead); Y Combinator; Benchmark; Uncork Capital; MANTIS Venture Capital | $35M | $350M | Numeral raised $35 million in a Series B funding round led by Mayfield, with participation from Benchmark, MANTIS Venture Capital, Uncork Capital, and Y Combinator. The funding is positioned to support further product development, team expansion, and market growth in the competitive financial automation sector. The company, based in San Francisco with a 41-person team as of Q3 2025, provides financial automation infrastructure, enabling businesses to automate accounting workflows and integrate with platforms like Stripe, Shopify, and others. By Q3 2025, Numeral achieved $5 million in annual revenue, demonstrating strong traction in the fintech space focused on streamlining financial operations for high-growth companies. |
| Feb 2025 | Series A | Benchmark (lead); Y Combinator; FundersClub; Uncork Capital | $18M | - | Numeral is an AI-powered sales tax compliance platform founded in 2023 in San Francisco, targeting e-commerce and SaaS businesses by automating nexus detection, registrations, filings, remittances, exemption management, and handling tax notices across thousands of jurisdictions. It started with a focus on Shopify e-commerce sellers but expanded to SaaS amid increasing state-level software sales taxes, now serving over 2,000 customers including EightSleep and Graza Olive Oil. The company raised an $18 million Series A round in March 2025 led by Benchmark, with participation from FundersClub, Uncork Capital, and Y Combinator, following a $4 million seed from Y Combinator and Uncork Capital, bringing total funding to $22 million at that point. By September 2025, just six months later, Numeral closed a $35 million Series B led by Mayfield at a $350 million post-money valuation, with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis, increasing total funding to $57 million. The Series B funds product innovation like enhanced AI for global VAT/GST in markets such as Tanzania and Kenya, global expansion, and deeper automation with an error-free filing guarantee and white-glove support. Numeral competes with startups like Anrok and Zamp, plus incumbent Avalara, in a fragmented market strained by post-Wayfair sales tax complexities for online sellers branching beyond marketplaces like Amazon and Etsy. |
| May 2023 | Seed | Uncork Capital (lead); Codie Sanchez; Contrarian Thinking Capital; FundersClub; Nate Matherson; Darian Shirazi | $4M | - | Numeral is an AI-powered sales tax compliance platform founded in 2023 that simplifies the full lifecycle of sales tax compliance for e-commerce and SaaS companies, including nexus tracking, registrations, filing, remittance, exemption certificate management, and virtual mailbox services. The company raised a $4 million seed round from Y Combinator and Uncork Capital. This was followed by an $18 million Series A led by Benchmark Capital in March 2025 and a $35 million Series B led by Mayfield in September 2025 with participation from Benchmark, Uncork Capital, Y Combinator, and Mantis, bringing total funding to $57 million. Numeral has achieved rapid growth, processing over $5 billion in transaction volume and filing 150,000 sales tax returns. The company reported 3.5x year-over-year revenue growth as of the Series B announcement and serves over 2,000 software and e-commerce clients, including EightSleep, Graza Olive Oil, and Manus. Numeral differentiates with international capabilities, filing taxes in markets like Tanzania and Kenya. Competitors include Anrok, Zamp, and the incumbent Avalara. Numeral was acquired on December 5, 2024. |
| Apr 2023 | Pre-seed | Y Combinator (lead) | $500K | - | - |
Who has invested in Numeral?
13 investors have backed Numeral across its funding rounds, including Y Combinator, Uncork Capital, FundersClub, Benchmark, Mayfield Fund and Insight Partners.
Lead investors include Insight Partners, Mayfield Fund, Benchmark, Uncork Capital and Y Combinator.
Numeral Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Apr 2023 | ||
| 4 | Lead | May 2023 | ||
| 3 | Lead | Feb 2025 | ||
| 3 | Participant | May 2023 | ||
| 2 | Lead | Sep 2025 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | May 2023 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | May 2023 | ||
| 1 | Lead | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 13 Numeral investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNumeral Competitors
Numeral competitors include listed companies like Softcreate Holdings and Baiwang Cloud, and private ones like Primer, Bolt, BukuWarung and SCI Ecommerce.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $425M | - | ||
| Private | $2.3B | - | $270M | - | ||
| Private | - | - | $250M | - | ||
| Private | - | - | $235M | - | ||
| Publicly listed | $218M | $51M | $371M | 1.3x | ||
| Publicly listed | $109M | $434K | $318M | 2.5x |
Numeral Public Comps
Numeral is still privately-owned, but its public comps include Nordtech Group, Softcreate Holdings, Baiwang Cloud, Coveo Solutions, Teamshares, Cafe24, Commerce.com, Avant Group, BASE and Miroku Jyoho Service.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $71M | $14M | 4.9x | - | 24.1x | - | |||
| $218M | $51M | 1.4x | 1.3x | 5.7x | - | |||
| $109M | $434K | 2.4x | 2.5x | 601.6x | - | |||
| $148M | ($25M) | 1.5x | 1.4x | (8.7x) | 108.1x | |||
| $472M | ($23M) | 1.4x | 1.1x | (28.6x) | 18.1x | |||
| $235M | $50M | 0.7x | 0.8x | 3.4x | 3.6x | |||
| $342M | $2M | 0.9x | 0.9x | 177.8x | 8.8x | |||
| $193M | $31M | 1.0x | 1.0x | 6.3x | 6.0x | |||
This data is available for Pro users. Sign up to see all Numeral competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Numeral
| When was Numeral founded? | Numeral was founded in 2022. |
| Where is Numeral headquartered? | Numeral is headquartered in San Francisco, CA, United States. |
| Is Numeral publicly listed? | No, Numeral is a private, VC-backed company. |
| What is Numeral's valuation? | Numeral was last valued at $350M in its Series B in September 2025. |
| How much funding has Numeral raised? | Numeral has raised $158M across 5 funding rounds. |
| What was Numeral's last funding round? | Numeral's last funding round was a $100M Series C in September 2026, led by Insight Partners. |
| Who are Numeral's investors? | Numeral's investors include Y Combinator, Uncork Capital, Benchmark, FundersClub, Mayfield Fund, Salesforce Ventures, Codie Sanchez, Contrarian Thinking Capital, Geodesic Capital, Nate Matherson and 3 others. |
| What is Numeral's revenue? | Numeral's latest recorded revenue is $5M (September 2025). |
| What is Numeral's revenue multiple? | Numeral's latest valuation implies a 70.0x revenue multiple ($350M valuation on $5M of revenue). |
| Which companies are comparable to Numeral? | Companies comparable to Numeral include Primer, Bolt, BukuWarung, SCI Ecommerce, Softcreate Holdings and Baiwang Cloud. |
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