GruntWorx Overview

  • Year Founded
  • 2005

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 56

Employees

  • Latest Deal Type
  • M&A

GruntWorx General Information

Description

Developer of cloud-based tax workflow automation software intended to serve tax professionals in the United States. The company's platform reads, classifies and extracts data from paper-based forms and PDF files. fully automates document organization, data extraction and population into tax software with professional staff review and validation, enabling CPA firms, Enrolled Agents, solo tax preparers, multi-office practices, service bureaus and firms of all sizes from sole practitioners to the Big 4 to automate the most time-consuming parts of tax return preparation through OCR, heuristic pattern recognition technology and machine learning that reads, classifies and extracts data from thousands of variations of tax documents.

Contact Information

Website
www.gruntworx.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 1 Merrill Industrial Drive
  • Suite 22-23
  • Hampton, NH 03842
  • United States
+1 (877)
Primary Industry
Business/Productivity Software
Other Industries
Accounting, Audit and Tax Services (B2B)
Parent Company
Drake Software
Vertical(s)
Big Data
Corporate Office
  • 1 Merrill Industrial Drive
  • Suite 22-23
  • Hampton, NH 03842
  • United States
+1 (877)

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GruntWorx Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 17-Aug-2011 Completed Generating Revenue
2. Early Stage VC (Series A1) 21-Oct-2009 Completed Generating Revenue
1. Early Stage VC (Series A) 20-Mar-2007 $6M $6M Completed Generating Revenue
To view GruntWorx’s complete valuation and funding history, request access »

GruntWorx Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A-1
To view GruntWorx’s complete cap table history, request access »

GruntWorx Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of cloud-based tax workflow automation software intended to serve tax professionals in the United States. The
Business/Productivity Software
Hampton, NH
56 As of 2026

Coconut Grove, FL
 

Westbrook, ME
 
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GruntWorx Competitors (4)

One of GruntWorx’s 4 competitors is Taxfyle, a Venture Capital-Backed company based in Coconut Grove, FL.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Taxfyle Venture Capital-Backed Coconut Grove, FL
DAVO Technologies Formerly VC-backed Westbrook, ME
Avalara Private Equity-Backed Durham, NC
Quaderno Private Equity-Backed Las Palmas, Spain
To view GruntWorx’s complete competitors history, request access »

GruntWorx Patents

  • 22

    Total Documents Applications and Grants

  • Total Patents Families

  • 6

    Granted

  • Pending

  • Expiring in next 12 mo

GruntWorx Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20110258170-A1 Systems and methods for automatically correcting data extracted from electronic documents using known constraints for semantics of extracted data elements Inactive 15-Jan-2010
US-20110255794-A1 Systems and methods for automatically extracting data by narrowing data search scope using contour matching Inactive 15-Jan-2010
US-20110258182-A1 Systems and methods for automatically extracting data from electronic document page including multiple copies of a form Inactive 15-Jan-2010
US-20110255789-A1 Systems and methods for automatically extracting data from electronic documents containing multiple layout features Inactive 15-Jan-2010
US-20110249905-A1 Systems and methods for automatically extracting data from electronic documents including tables Inactive 15-Jan-2010 G06V30/412
To view GruntWorx’s complete patent history, request access »

GruntWorx Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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GruntWorx Former Investors (3)

Investor Name Investor Type Holding Investor Since Participating Rounds
Commonwealth Capital Ventures Venture Capital Minority
Pilot House Ventures Group Venture Capital Minority
The Pilot Group PE/Buyout Minority
To view GruntWorx’s complete investors history, request access »

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GruntWorx FAQs

  • When was GruntWorx founded?

    GruntWorx was founded in 2005.

  • Where is GruntWorx headquartered?

    GruntWorx is headquartered in Hampton, NH.

  • What is the size of GruntWorx?

    GruntWorx has 56 total employees.

  • What industry is GruntWorx in?

    GruntWorx’s primary industry is Business/Productivity Software.

  • Is GruntWorx a private or public company?

    GruntWorx is a Private company.

  • What is GruntWorx’s current revenue?

    The current revenue for GruntWorx is .

  • How much funding has GruntWorx raised over time?

    GruntWorx has raised $16.2M.

  • Who are GruntWorx’s investors?

    Commonwealth Capital Ventures, Pilot House Ventures Group, and The Pilot Group have invested in GruntWorx.

  • Who are GruntWorx’s competitors?

    Taxfyle, DAVO Technologies, Avalara, and Quaderno are competitors of GruntWorx.

  • When was GruntWorx acquired?

    GruntWorx was acquired on 17-Aug-2011.

  • Who acquired GruntWorx?

    GruntWorx was acquired by Drake Software.

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