Raises $43 million USD to Fuel Growth of Its New Platform in North America

Funding Rounds

▤ Summary

Toronto, CANADA — July 18th, 2017 — FreshBooks, the #1 accounting software in the cloud for self-employed professionals and their teams, announced today that the company has raised $43 million USD ($57M CDN) in Series B funding led by existing investor Georgian Partners. “We are thrilled to continue our partnership with this experienced leadership team right at the growth stage of their market.” FreshBooks makes accounting easy for service-based small business owners and independent professionals. “The new FreshBooks was designed to be easier, simpler and modern, with the benefits of natural collaboration and faster product improvements.” Georgian Partners is a thesis-driven growth equity firm investing in SaaS-based business software companies exploiting applied artificial intelligence, security first and conversational business. FreshBooks is the #1 accounting software in the cloud designed exclusively for service-based small business owners and independent professionals. The company has helped more than 10 million people worldwide process billions of dollars with its ridiculously easy-to-use invoicing, time tracking, expense management features.

$ Funding

$
Amount $45.1M Total raised
□
Date July 18, 2017 Announcement date
◎
Investors Georgian Partners Lead investors
▥
Company http://www.freshbooks.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Accounting Software Invoice Management Software

▦ Linked Companies

FreshBooks
$25M to $50M