MainStreet
SaaS platform for automatic identity, claims, and advances for tax credits
- 21-100 employees
- B2B
- Investing
- Financial Services
- SaaS
- Downtown San Jose, San Jose, CA
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Company mission
To help every small business make a big impact.
-31% employee growth in 12 months
Our take
The US tax code is so complex that even many accountants are unable to fully identify and take advantage of the rebates and credits available to early stage technology businesses. These credits can be worth tens of thousands of dollars to even small businesses, so there's a strong incentive to seek them out.
MainStreet takes on this burden for businesses by connecting to startups’ payroll and scanning the data on a monthly basis for potential federal, state, and local tax credits. It then advances 80% of the credit due to the startup so it can use the funds right away, and charge a 20% commission fee for its time.
With more than half a million new startups being created every year, MainStreet certainly has a flourishing market at its fingertips. In recent years, local governments and states are looking to attract businesses to their specific region with rebates and incentives, making the market for a platform like MainStreet bigger than ever.
The founders are ex-Google employees and successful technology entrepreneurs themselves. Founder Doug Ludlow was motivated to start the company due to his experience growing up in a city greatly impacted by the decline of big business. If smaller businesses are able to flourish, he believes that communities can continue to thrive.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Health & Wellness - We cover 100% of medical, dental, life, vision, and disability insurance for you and your dependents
- Paid Time Off - Take unlimited PTO to rest and recharge. You can’t give your best if you don’t have the energy to give
- Parental Leave - We offer generous parental leave so you can take the time you need to care for your little ones
- Retirement Options - Save for the future with a 401K plan that fits your retirement goals
- In-Home “Office” Perks - We’re a remote-first company, fully distributed across 30+ states and Canada. And we just opened our first in-person office in San Jose!
- Company Outings - We come together at least once a year to celebrate our wins, build in-person relationships, and look to what’s next
Funding (last 2 of 3 rounds)
Mar 2021
$60m
SERIES A
Jun 2020
$2.3m
SEED
Total funding: $62.7m
This company has top investors
Leadership
Doug Ludlow
(CEO)Before MainStreet, they served as Chief of Staff for Google’s SMB and NBU Ads. They also founded Hipster (acquired by AOL in 2012) and Happy Home (acquired by Google in 2016).
Dan Lindquist
(Board Member)Before MainStreet, they led product teams at Google and Intuit, focused on SMB and SaaS.