Taxwire

Founded in 2023 by CEO Andrew Rea and CTO Steven Schmatz, Taxwire is a New York-based technology company providing a managed platform for global sales tax and VAT compliance. The company has secured $25 million in combined Seed and Series A funding from investors including Headline Ventures, XYZ VC, and others to scale its infrastructure. The inspiration for Taxwire stemmed from Rea's direct experience with the complexities and shortcomings of existing tax software while serving as a finance leader for a rapidly scaling company. He identified a gap in the market for a solution that was more than just software, leading to the creation of a hybrid service model. Rea's entrepreneurial background includes co-founding NYC Tech Week and holding key roles at On Deck and Party Round. The founding team combines this operational experience with deep industry expertise, assembling veterans from Stripe, TaxJar, Avalara, and Big Four accounting firms. Taxwire operates on a subscription business model, charging clients for the complete outcome of managed tax compliance. The company targets mid-market businesses with annual revenues between $20 million and $500 million, particularly fast-growing SaaS, e-commerce, and digital product companies that face multi-jurisdictional tax obligations. Its client roster includes companies such as Coder, Omni, Middesk, and Honeystack. The platform offers an end-to-end solution for the entire indirect tax lifecycle, including nexus monitoring, registrations, calculations, filing, and remittance across over 22,000 U.S. jurisdictions and more than 100 countries. A key differentiator is its combination of a proprietary, AI-native tax engine with a dedicated team of tax experts. The technology delivers 'rooftop-level' geocoded rate accuracy, which is significantly more precise than traditional zip-code-based methods, and uses AI to automatically classify products according to the correct tax rules. The service aspect functions as a 'white-glove' managed offering, where Taxwire's team takes full accountability, handling government notices and providing expert support through integrated channels like Slack. The platform features seamless, no-code integrations with major accounting, billing, and e-commerce systems, including NetSuite, QuickBooks, Stripe, and Shopify. Keywords: sales tax automation, VAT compliance, GST compliance, managed tax service, tax compliance platform, Andrew Rea, Steven Schmatz, tax engine, nexus monitoring, tax registration, tax filing, tax remittance, geocoding tax rates, AI tax software, fintech, regtech, compliance automation, indirect tax, transaction tax, global tax compliance, e-commerce tax, SaaS tax, mid-market finance, NetSuite integration, QuickBooks integration, Stripe tax