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.
Location
Toronto, Canada
Employees
201-500
Founded
2004
Industry
SaaS, FinTech
Parent Company
2ndSite Inc.
Funding Category
Series A
Latest Funding Round Size
Series E
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$80,750,000
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 2021Debt Financing - $50 million
August 2021Series B - $43 million
July 2016Funding Round - $43 million
July 2017Series A - $30 million
July 23, 2014Other Considerations
Over 30 million small businesses have used FreshBooks; Rated 4.5 out of 5 by PCMag; Offers a 30-day free trial for new users.
