Anrok
Anrok is a sales tax compliance platform for SaaS businesses, automating tax monitoring, calculation, and remittance across financial stacks.
Secondary Market Price
Secondary Market Price
How Anrok Measures Up
To help you manage your Anrok equity, Prospect has run the company through our machine learning model.
Prospect Rating
5X
Our analysis suggests Anrok could be worth 5 times its current valuation in the next four years. For an employee with equity, our 5x rating indicates the potential for their stock to be worth five times more than its current value.
Exit Risk
Moderate Risk
Our 'Moderate Risk' rating means that despite strong signals like rapid growth and top investors, Anrok has a medium chance of not reaching a liquidity event for its employees when compared to the broader startup ecosystem.
Funding Stage
Series B
For a potential employee, Anrok's Series B status indicates it has a proven product and is now focused on scaling its operations. This means you'd be joining a company that offers a compelling mix of high-growth potential and foundational stability.
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Prospect Projected Future Anrok Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Anrok's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Anrok is a financial software company that provides a global sales tax compliance platform for modern commerce, with a specific focus on software-as-a-service (SaaS) businesses. The platform is designed to help finance leaders monitor, calculate, and remit sales tax, VAT, and GST across more than 40 countries. It integrates with existing financial stacks, including billing, payment, and payroll systems like Stripe, NetSuite, and Namely. The company serves over 100 customers, including Notion, Vanta, and Anthropic, and manages tax on $7 billion in sales revenue. Anrok was founded in 2020 by Michelle Valentine, previously of Airtable and Index Ventures, and Kannan Goundan, who was an engineer at Airtable and Dropbox. The company is headquartered in San Francisco, California.
The company has demonstrated significant growth, reporting a 260% increase in revenue in 2023. On April 11, 2024, Anrok announced it had raised $30 million in a Series B funding round, bringing its total funding to over $54 million and reaching a valuation of $250 million. Prominent investors include Sequoia Capital and Index Ventures. Recently, the company expanded its product offerings by launching Anrok for Shopify, extending its tax automation services to e-commerce merchants. Anrok also published a global sales tax benchmark report based on an analysis of $1.4 billion in monthly revenue to illustrate how tax compliance complexity increases as companies scale. The company plans to continue scaling its platform to navigate the evolving global regulatory environment for software companies.
- Sequoia Capital
- Khosla
- Index Ventures
- Elad Gil
- Co-Founder, CEO Michelle Valentine
- Co-Founder, CTO Kannan Goundan
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Anrok worth joining?
Anrok shows strong signs of a high-growth startup, with 260% revenue growth in 2023 and backing from top-tier investors like Sequoia Capital. Platforms like Prospect can help you evaluate the opportunity by providing data-driven projections on the potential value of your equity.
What should I do with my Anrok stock?
As Anrok is a private company, managing your stock options or shares requires careful planning around taxes and timing. Using a service like Prospect can help you create a personalized strategy for exercising options and understand the potential financial outcomes.
Can you sell Anrok stock?
Since Anrok is a private company, its stock is not traded on public exchanges like the NYSE or NASDAQ. Shareholders may have opportunities to sell shares through company-approved tender offers or on secondary markets, which platforms like Prospect can help navigate.
How can I find the value of my Anrok stock?
The company's most recent valuation was $250M, which can be used to estimate the per-share value based on the total number of shares outstanding. For a more detailed projection of your equity's potential future worth, tools like Prospect's equity calculator use proprietary models to forecast value.
What is Anrok's equity worth?
Anrok's most recent valuation as a company is $250 million, following its Series B funding round. The value of an individual's equity stake depends on the number of shares they hold and this overall company valuation.
What is Anrok's stock ticker symbol?
Anrok does not have a stock ticker symbol because it is a privately held company. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange.
Can I buy or sell Anrok stock?
As a private company, Anrok stock is not available for purchase by the general public on stock markets. Opportunities to buy are typically limited to accredited investors in funding rounds or employees exercising stock options, while selling may occur during tender offers.
What is the criteria to buy or invest in Anrok stock?
Investing in a private, venture-backed company like Anrok is typically restricted to institutional and accredited investors participating in organized funding rounds. Employees may also acquire stock by exercising their stock options according to the terms of their grant.
