CrossBorder Solutions was founded in 2016 by David Bukovac and Donald Scherer. In 2021, then-CEO Scherer told Business Journal that he expects the company to file an IPO in 2023 or 2024. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

CrossBorder Solutions is an AI-driven tax solutions company that provides compliance and automation software to multinational corporations. The company has received $100 million in venture capital funding from investors including Insight Partners, Kennet Partners, and Savant Growth. The company relocated to Florida from New York in 2021. In March 2022, Matthew Masankay was named as CrossBorder's new CEO, with Scherer remaining as the company's Executive Chairman. The company has not disclosed recent valuation statistics.

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To learn more about Exactera potential IPO

Will Exactera go IPO?

Exactera has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Exactera’s IPO price?

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When was Exactera founded?

Exactera was founded in 2016.

What is Exactera funding to date?

Exactera has raised $130.9MM to date.

Who are Exactera’s major investors?

Insight Partners
Savant Growth Partners
Kennet Partners
Insight Venture Partners

Exactera Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
11/04/2021 Series B-1 $15MM $xx.xx $240.51MM Insight Partners
Price per Share
$xx.xx
Shares Outstanding
2,081,888
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Partners
03/30/2021 Series B-2 $67.4MM $xx.xx $454.54MM Insight Venture Partners, Savant Growth Partners
Price per Share
$xx.xx
Shares Outstanding
5,250,485
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Venture Partners, Savant Growth Partners
09/24/2019 Series B $40MM $xx.xx $240.51MM Insight Partners
Price per Share
$xx.xx
Shares Outstanding
5,274,114
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Partners
12/13/2017 Series A $8.5MM $xx.xx $21.25MM Kennet Partners
Price per Share
$xx.xx
Shares Outstanding
8,500,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3
Key Investors
Kennet Partners
Updated on: Dec 22, 2024

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