The digital business tax assistant is recognized as the first platform to help business owners manage federal, state, sales, and other tax requirements in one place.
LOS ANGELES, CA, April 25, 2023 /24-7PressRelease/ — ComplYant®, a digital tax assistant for small business owners, was named to the 2023 SMBTech 50, a list created by GGV Capital in collaboration with Crunchbase and 30 venture capital firms to recognize the growth and potential of startups that serve small and medium-sized businesses (SMBs). In celebration of the SMBTech 50 list, company honorees rang the opening bell at the Nasdaq MarketSite today.
The SMBTech 50 list demonstrates both the breadth and depth of the sector and the enthusiasm of venture capital investors for these companies. More than 200 companies were nominated and voted on by top SMBTech venture capital investors to create the SMBTech 50, which represents a mix of early, growth and late-stage private companies.
More than 30 million small businesses in the U.S. represent 44% of GDP, about half of U.S. employment, and more than $180 billion in annual technology spending. The U.S. is also seeing a renaissance of small business and entrepreneurship, with more than 10 million new business applications submitted in 2021 and 2022. GGV Capital’s SMBTech 50 list celebrates the private, venture-backed technology companies seeking to make a significant impact on SMBs.
“Public companies in the SMBTech space have grown from just a few billion dollars of market cap to more than $500 billion over the last decade,” said Tiffany Luck, Partner at GGV Capital. “Every year, we put together this list of top private companies, and we are blown away by the level of innovation, growth, and impact they are making on the SMB economy. Congratulations to all on making this year’s list!”
ComplYant is a digital business tax assistant platform designed to help entrepreneurs, freelancers, and small business owners navigate the complexities of business taxes.
“We are honored to be named to the SMBTech 50 list. Since 2019, ComplYant has been on a mission to close the financial education gap, offer resources to small business owners, and support entrepreneurs in maintaining their financial health by simplifying business taxes,” said Shiloh Johnson, Founder and CEO of ComplYant. “I’m incredibly proud of our team’s commitment to providing accessible tax tools that help level the entrepreneurial playing field. This recognition from GGV Capital is testament to the hard work, innovation, and dedication from everyone at ComplYant.”
ComplYant helps US small business owners take charge of their taxes through features like deadline tracking, budgeting, tax-extension filing, and easy-to-understand tax education resources. By streamlining the business tax management process, ComplYant has saved thousands of customers thousands of hours and millions in late fees and penalties each year.
About ComplYant
ComplYant is a technology startup putting power back in the hands of small business owners. Founded by Shiloh Johnson in 2019, ComplYant wants to upend the status quo that says only big businesses benefit from great tax support. ComplYant has raised $12M+ in capital led by Craft Ventures with participation from Mucker Capital, Slauson & Co., and Techstars. If you’re interested in learning more about ComplYant’s mission to empower the more than 31 million small business owners in the U.S., check out www.complyant.co.
About GGV Capital
GGV Capital is a global venture capital firm partnering with founders to build category-leading companies around the world. Focused on multi-stage, sector-focused investments, GGV manages $9.2 billion in investments across the U.S., China, Southeast Asia, Israel, Latin America, and India. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has backed more than 500 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Bowery Farming, Brightwheel, Drata, Electric, Grab, HashiCorp, Homebase, Keep, Odeko, Opendoor Technologies, Peloton, Poshmark, Slack, Slice, Square, StockX, Wish, XPeng, Zendesk, and more. More information can be found at www.ggvc.com and @ggvcapital.
Contact:
Candice Smith, French Press PR
Email: candice@frenchpresspr.com
Mobile: 617-256-0480
Christine Hinton, GGV Capital
Email: chinton@ggvc.com
Mobile: +1 415.939.0139
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