When was Sovos Compliance founded?

Sovos Compliance was founded in 1979 and raised its 1st funding round 41 years after it was founded.

Where is Sovos Compliance located?

Sovos Compliance is headquartered in Wilmington, United States. It is registered at Wilmington, Massachusetts.

Who is the current CEO of Sovos Compliance?

Kevin Akeroyd of Sovos Compliance.

How many employees does Sovos Compliance have?

As of Jun 30, 2026, the latest employee count at Sovos Compliance is 1805.

Is Sovos Compliance a funded company?

Sovos Compliance is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Aug 20, 2020.

When was the latest funding round of Sovos Compliance?

Sovos Compliance's latest funding was a $***** PE round on Aug 20, 2020, with participation from 1 investor.

Where does Sovos Compliance rank among its competitors?

Sovos Compliance ranks 34th amongst 1502 active competitors, of which 106 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was TaxDown, which secured $4.65M in Mar, 2026.

Who are the top competitors of Sovos Compliance?

Sovos Compliance's top competitors include Avalara, Clear and TaxDown. Among them, TaxDown secured the most recent funding round in March, 2026.

Sovos Compliance - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of cloud platform for automated tax and regulatory compliance. The platform offers solutions for e-invoicing, indirect taxes, information reporting, and identity verification. It assists with tax determination, filing, reporting, and withholding. The platform also provides tools for unclaimed property, compliant shipping for wines and spirits, and statutory reporting for insurance.

Website: sovos.com
Social
Email ID: *****@sovos.com
Phone Number: +1 **********
Registered Address: Wilmington, Massachusetts

Key Metrics

Founded Year

1979

Location

Wilmington, United States

Stage

Acquired

Latest Funding Round

PE, Aug 20, 2020, $*****

Investors

TA Associates & 3 more

Ranked

34^th among 1502 active competitors

Employee Count

1,805 as on Jun 30, 2026

Investment & Acquisitions

Blue dot & 27 more

Similar Companies

Avalara & 322 more

Exit Details

Acquired by Hg (Jan 19, 2016)

View Sovos Compliance's full profile

Sovos Compliance is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOVOS COMPLIANCE, LLC CIN: 696608 , United States, Active	Dec 27, 2021	-	-	-
SOVOS COMPLIANCE LLC CIN: 461379693 , United States, Active	Dec 31, 1999	-	818 (As on Dec 31, 2024)	-

Sovos Compliance got acquired by Hg on Jan 19, 2016.

Click here to take a look at Sovos Compliance's acquisition in detail

Sovos Compliance has raised funding over 1 round. Its latest funding round was a PE round on Aug 20, 2020 for $*****. 1 investor participated in its latest round. Sovos Compliance has 4 institutional investors.

Here is the list of recent funding rounds of Sovos Compliance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 20, 2020	6028715	PE	4334211	8643461	5124382	6353925

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View details of Sovos Compliance's funding rounds and investors

Sovos Compliance's employee count trend

Sovos Compliance has 1,805 employees as of Jun 26. Here is Sovos Compliance's employee count trend over the years:

Employee count trend for Sovos Compliance

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Top competitors of Sovos Compliance include Avalara, Clear and TaxDown. Here is the list of Top 10 competitors of Sovos Compliance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avalara 2004, Seattle (United States), Acquired	Provider of cloud-based solutions for tax compliance and related services	$343M	Sageview Capital, Battery Ventures & 17 others	77/100
2nd	Clear 2011, Bengaluru (India), Series C	Provider of software for tax compliance and financial process automation	$146M	Elevation Capital, FundersClub & 28 others	71/100
3rd	TaxDown 2018, Madrid (Spain), Series B	Cloud and app-based tax management solutions for individuals and businesses	$26.1M	Base10 Partners, Abac Nest & 19 others	69/100
4th	ClearTax 2011, Bengaluru (India), Unfunded	AI-powered platform offering income tax filing, GST compliance, invoicing, tax planning, and financial solutions	-	-	68/100
5th	Workiva 2008, Ames (United States), Public	Cloud based compliance and reporting management platform	$56.1M	Ranger Investments	67/100
6th	Vertex 1978, King Of Prussia (United States), Public	Provider of tax technology software and solutions for global businesses	-	HTIF, Marc Bell Capital	65/100
7th	Taxfix 2016, Berlin (Germany), Series D	Provider of application for completing and submitting tax returns	$330M	Valar Ventures, Creandum & 8 others	64/100
8th	Numeral One 2022, San Francisco (United States), Series B	Software-based sales tax automation management platform	$57M	Benchmark, Y Combinator & 6 others	62/100
9th	Zamp 2022, San Francisco (United States), Seed	Provider of digital employee solutions for finance and operations automation	$46.7M	Peak XV Partners & 12 others	61/100
10th	Lettuce 2023, San Francisco (United States), Series A	Automated accounting and tax management software	$52M	Zeev Ventures, Viola FinTech	61/100
34th	Sovos Compliance 1979, Wilmington (United States), Acquired	Provider of cloud platform for automated tax and regulatory compliance	-	TA Associates, HgCapital Trust & 2 others	54/100

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Sovos Compliance has not made any investments yet. Sovos Compliance has made 28 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 15, 2026	Acquisition	Blue dot	2013	Amstelveen (Netherlands)
Jul 02, 2025	Acquisition	Iris GST	1994	Mumbai (India)
Jan 11, 2024	Acquisition	Aatrix	1986	Grand Forks (United States)

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Here is the latest report on Sovos Compliance's sector:

Free

Finance & Accounting Tech - Sector Report

Edition: August, 2026 (85 Pages)

View all reports related to Sovos Compliance

Media has covered Sovos Compliance for a total of 13 events in the last 1 year, 5 of them have been about company updates and 3 about people movement.