When was Drake Software founded?

Drake Software was founded in 1976 and raised its 1st funding round 45 years after it was founded.

Where is Drake Software located?

Drake Software is headquartered in Knoxville, United States. It is registered at Fort Collins, Colorado.

How many employees does Drake Software have?

As of Apr 30, 2026, the latest employee count at Drake Software is 586.

Is Drake Software a funded company?

Drake Software is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Feb 05, 2021.

When was the latest funding round of Drake Software?

Drake Software's latest funding was a $***** PE round on Feb 05, 2021, with participation from 1 investor.

Where does Drake Software rank among its competitors?

Drake Software ranks 9th amongst 584 active competitors, of which 46 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was onShore Security, which secured $31M in Feb, 2026.

Who are the top competitors of Drake Software?

Drake Software's top competitors include TaxDown, TaxBuddy and Vialto Partners. Among them, onShore Security secured the most recent funding round in February, 2026.

Drake Software - 2026 Company Profile, Team, Funding & Competitors

Drake Software is a late stage company based in Knoxville (United States), founded in 1976 by Phil Drake. It operates as a Professional tax preparation software. Drake Software has raised an undisclosed amount in funding from Cinven. The company has 584 active competitors, including 46 funded and 40 that have exited. Its top competitors include companies like TaxDown, TaxBuddy and Vialto Partners.

Company Details

Drake Software provides professional tax preparation software. It provides the tools and supports tax professionals need to build businesses and attract new clients. It provides multiple features to enter the tax-related information and the user can analyze the different tax combinations to know when to file and what to file for tax.

Website: www.drakesoftware.com/
Social
Email ID: *****@drakesoftware.com
Phone Number: +1 **********
Registered Address: Fort Collins, Colorado

Key Metrics

Founded Year

1976

Location

Knoxville, United States

Stage

Late Stage

Latest Funding Round

PE, Feb 05, 2021, $*****

Investors

Cinven

Ranked

9^th among 584 active competitors

Employee Count

586 as on Apr 30, 2026

Investment & Acquisitions

GruntWorx

Similar Companies

TaxDown & 706 more

View Drake Software's full profile

Drake Software is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DRAKE DENTAL CARE PROFESSIONAL, LLC CIN: 320053190 , United States, Active	Dec 31, 1999	-	10 (As on Dec 31, 2024)	-
DRAKE ENTERPRISES, LTD CIN: 561494243 , United States, Active	Dec 31, 1999	-	105 (As on Dec 31, 2024)	-

Drake Software has raised funding over 1 round. Its latest funding round was a PE round on Feb 05, 2021 for $*****. 1 investor participated in its latest round. Drake Software has 1 institutional investor.

Here is the list of recent funding rounds of Drake Software:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 05, 2021	2022019	PE	4093997	8435690	5617672	3635124

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View details of Drake Software's funding rounds and investors

The founders of Drake Software is Phil Drake.

Here are the details of Drake Software's key team members:

Phil Drake: Founder & CEO of Drake Software.
Contact Info: 1 email address

View details of Drake Software's Founder profiles and Board Members

Drake Software's employee count trend

Drake Software has 586 employees as of Apr 26. Here is Drake Software's employee count trend over the years:

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Top competitors of Drake Software include TaxDown, TaxBuddy and Vialto Partners. Here is the list of Top 10 competitors of Drake Software, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TaxDown 2018, Madrid (Spain), Series B	Cloud and app-based tax management solutions for individuals and businesses	$26.1M	Base10 Partners, Abac Nest & 18 others	66/100
2nd	TaxBuddy 2018, Mumbai (India), Seed	Provider of assisted and DIY online tax filing services	$3.68M	Zenith Global, Systematix & 40 others	66/100
3rd	Vialto Partners 2022, New York City (United States), Acquired	Tax management, immigration, and mobility solutions for businesses	$225M	CD&R, HPS Investment Partners	60/100
4th	onShore Security 1991, Chicago (United States), Series B	Cyber security solutions provider	$46M	Vertex Ventures, FPV Ventures & 4 others	59/100
5th	TaxAct 1998, Dallas (United States), Acquired	Software-based tax filing platform for individuals and businesses	$85M	Capital Southwest, TA	58/100
6th	Lettuce 2023, San Francisco (United States), Series A	Automated accounting and tax management software	$52M	Zeev Ventures, Viola FinTech	57/100
7th	Numeral One 2022, San Francisco (United States), Series B	Software-based sales tax automation management platform	$57M	Benchmark, Mayfield & 5 others	56/100
8th	Tax Systems 1991, Staines upon Thames (United Kingdom), Acquired	Tax compliance and regulatory solutions for businesses	-	Rothschild & Co, BGF & 1 others	55/100
9th	Drake Software 1976, Knoxville (United States), Late Stage	Professional tax preparation software	-	Cinven	55/100
10th	Zenwork 2002, Fayetteville (United States), Late Stage	Cloud-based solutions for financial compliance and tax filing	$163M	Spectrum Equity	55/100