AvalaraAvalara has raised a net $6 million in capital, the sales-and-used tax company said this week. The Bainbridge Island, Wash.-based company says it received $43 million in financing but most of that will go to repurchase shares from existing investors. The latest round brings new investor Technology Crossover Ventures company on board, along with drawing from existing investors that include Warburg Pincus.

Avalara says that it has raised $200 million in funding since 2004. In November, it said it had raised $100 million in a round that brought an affiliate of Warburg Pincus into the investor pool.

The company has taken several steps in the last year that show the scope of its plans. In October, it hired Richard Asquith as VP of global tax compliance. Avalara said Asquith's hiring is part of its plan to develop its transactional tax compliance offerings internationally. In December, it acquired VATLive.com, an online service that provides tax news, analysis and rate changes, where Asquith had previously served as the service's administrator.

Last modified on Tuesday, 20 January 2015
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