FreshBooks
Latest round
- Series E
Last raised
- Aug 2021
Total raised
- $154M
Investors
- 10
About FreshBooks
Founded in 2003 by Mike Mcderment in Toronto, Canada, FreshBooks specializes in providing invoicing and accounting software.FreshBooks offers a comprehensive suite of invoicing and accounting software tailored specifically for small businesses, freelancers, and self-employed professionals. The core product enables users to create professional invoices quickly, automating tasks such as time tracking, expense management, and tax calculations. This software integrates features like online payments, recurring invoices, and late payment reminders to enhance billing efficiency and cash flow management. Additionally, FreshBooks provides tools for expense tracking, including mobile receipt scanning and automated expense categorization, allowing users to maintain a clear overview of their finances in real-time through double-entry accounting and robust financial reporting.FreshBooks operates on a subscription-based revenue model, generating income primarily through its tiered pricing plans for its accounting and invoicing software. Customers can choose from various subscription levels, which offer different features and capabilities, enabling businesses to select a plan that aligns with their specific needs. Transactions typically involve annual or monthly subscriptions, allowing clients to access the platform and its features as part of their operational workflow. The pricing structure caters to different user segments, including freelancers, small businesses with contractors, and those with employees, ensuring that each group can find a suitable solution. FreshBooks aims to enhance its product offerings and expand into new geographic regions to better serve its growing customer base.
Who invested in FreshBooks
10 investors across 3 rounds
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Questions about FreshBooks
Who invested in FreshBooks?
FreshBooks has 10 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FreshBooks raised?
FreshBooks has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did FreshBooks last raise money?
FreshBooks's most recent round on record is a Series E, in Aug 2021.
What does FreshBooks do?
Founded in 2003 by Mike Mcderment in Toronto, Canada, FreshBooks specializes in providing invoicing and accounting software.
Where is FreshBooks headquartered?
FreshBooks is headquartered in Toronto, Canada.
Which VCs invest in companies like FreshBooks?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at FreshBooks's stage. Their profiles are linked below.
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