Hubdoc
Latest round
- Seed
Last raised
- Jun 2017
Total raised
- $4.8M
Investors
- 3
About Hubdoc
Hubdoc Inc.Founded in 2011 in Toronto, Canada, Hubdoc Inc. specializes in capturing financial documents digitally. The company was acquired by Xero Limited in July 2018 for USD 70 mn, marking a significant transition in its business strategy. Hubdoc operates globally, serving clients in the United States, Canada, Australia, the United Kingdom, and New Zealand.Hubdoc specializes in document and data capture software designed to streamline the management of financial documents such as bills, receipts, and statements. Users can import financial documents through mobile photo capture, email forwarding, and desktop uploads. Hubdoc extracts key information—like supplier names, amounts, invoice numbers, and due dates—transforming these into usable data compatible with accounting platforms like Xero and QuickBooks Online.Hubdoc generates revenue primarily through subscription-based offerings for its document management services. Clients, typically small businesses, subscribe to automate their bookkeeping processes, improving efficiency in financial record management. Different pricing tiers align with specific business needs and document volumes.Following the acquisition by Xero Limited in July 2018, Hubdoc aims to expand its product offerings and enhance its integration with Xero's ecosystem. Future growth initiatives include the development of new features designed to improve user experience and automate additional aspects of financial management.
Who invested in Hubdoc
3 investors across 1 round
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Funding rounds
Seed
Jun 21, 2017
Amount
$4.8M
Investors
Questions about Hubdoc
Who invested in Hubdoc?
Hubdoc has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hubdoc raised?
Hubdoc has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hubdoc last raise money?
Hubdoc's most recent round on record is a Seed, in Jun 2017.
What does Hubdoc do?
Hubdoc is a financial services company.
Where is Hubdoc headquartered?
Hubdoc is headquartered in Toronto, Canada.
Which VCs invest in companies like Hubdoc?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Hubdoc's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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