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FreshBooks Analysis: $247M Raised

What is FreshBooks?

FreshBooks is a cloud-based accounting software designed for small businesses. It simplifies invoicing, expense tracking, and financial reporting, allowing users to focus on their core business activities. By automating tedious accounting tasks, FreshBooks helps businesses save time and reduce stress during tax season.

HQ Country
Toronto, Canada
Employees
201-500
Founded
2004
Industry
SaaS, FinTech

Product Features & Capabilities

  • Invoicing software for creating professional invoices
  • Billing and payments with online payment options
  • Expense tracking with mobile receipt scanning
  • Accounting tools for real-time financial insights
  • Payroll management for employee compensation.

How much FreshBooks raised

Series E - $80.8 million

August 2021

Debt Financing - $50 million

August 2021

Series B - $43 million

July 2016

Funding Round - $43 million

July 2017

Series A - $30 million

July 23, 2014

Financial Overview

$247MTotal Raised
Series E$80.8 million
August 2021
Debt Financing$50 million
August 2021
Series B$43 million
July 2016
Funding Round$43 million
July 2017
Series A$30 million
July 23, 2014
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