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FRESHBOOKS
FreshBooks
Software · Toronto, Ontario · Canada · Founded · 2003 · ≈ · 351 · employees

FreshBooks Funding — Last Valued at $1B

Private

FreshBooks has raised $253.8M across 3 funding rounds, plus 1 undated round. The latest round valued FreshBooks at $1B post-money, with Accomplice on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
FreshBooks funding · at a glance
Total raised, all rounds
$253.8M
sum of disclosed sizes
Funding rounds
3
plus 1 undated round
Latest round
$1B
post-money · Aug 2021
Lead on that event
Accomplice
lead investor
2021
About FreshBooks

FreshBooks raised $131 million in a Series E round led by Accomplice, a round the company described as making it another unicorn. The funding backs continued build-out of its accounting, payroll and payments products for small businesses.

Funding timeline

The FreshBooks funding timeline

3 funding rounds, the latest highlighted.

2003
FreshBooks founded

FreshBooks was founded in 2003, Canada.

UNDATED
Debt

No date is disclosed for this round.

JUL 2014
Series A

Georgian Partners, Atlas Venture. $30M raised, led by Oak Investment Partners.

Valuation basisAmount$30MPrice / shareLeadOak Investment Partners
JUL 2017
Series B

Accomplice, Oak Investment Partners. $43M raised, led by Georgian Partners.

Valuation basisAmount$43MPrice / shareLeadGeorgian Partners
AUG 2021LATEST
Series E at $1B post-money

A primary round — the company sells new shares to investors it selects. $130.8M raised, led by Accomplice.

Valuation basispost-moneyAmount$130.8MPrice / shareLeadAccomplice
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

FreshBooks funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series E LATEST
Aug 2021
$130.8M
$1Bpost-money
—
Accomplice
—
Series B
Jul 2017
$43M
—
—
Georgian Partners
Accomplice, Oak Investment Partners
Series A
Jul 2014
$30M
—
—
Oak Investment Partners
Georgian Partners, Atlas Venture
Debt
—
$50M
—
—
BMO
—
FreshBooks · investors

Investors

BBMOLEADAccompliceLEADGGeorgian PartnersLEADOOak Investment PartnersLEADJ.P. MorganGaingelsBBMO Technology & Innovation Banking GroupMManulifeBBarclays

Frequently asked questions

What is FreshBooks's valuation?›

The last valuation is $1B.

Who has invested in FreshBooks?›

Lead investors for each round are in the funding timeline.

Who are FreshBooks's competitors?›

The closest software peers are on the competitors page.

How can I get exposure to FreshBooks?›

The routes section explains what is realistically available for a company at this stage.

Is FreshBooks publicly traded?›

No. FreshBooks is a private company; its shares do not trade on a public exchange.

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