Sales Tax Compliance Platform Numeral Raises $18M in Series A Funding

Financial Services
Written By Rick Watson

Numeral, founded in 2023 and based in San Francisco, handles the intricacies of sales tax compliance for both ecommerce and SaaS companies, providing support throughout the process, from registration to remittance.

Sales tax compliance platform for e-commerce and SaaS companies, Numeral, has raised $18 million in Series A funding that will be used to build solutions for SaaS companies, hire engineering talent, and expand internationally. Sales tax compliance is a highly complex and complicated problem that can potentially close e-commerce businesses due to tax thresholds that can lead to large bills or potential penalties. Numeral building solutions for SaaS companies are interesting as more States will start collecting sales tax on software sales.

Business Wire: Numeral Secures $18 Million in Series A Funding to Help Businesses Manage State-by-State Sales Tax Requirements

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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