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Company pair · Software
VS

Benevity vs FreshBooks: Valuation, Funding, Trajectory

Software Both private CA-headquartered No Canborsa market

This comparison puts Benevity next to FreshBooks within software on size, funding and trajectory.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
BenevityPRIVATE · CA
FreshBooksPRIVATE · CA
VS
Last valuation$1.1B$1B
Basis Post-money Post-money
As ofDec 2020Aug 2021
Founded20082003
Employees≈650≈351
On CanborsaNo marketNo market
At a glance
$1.1B
BenevityPost-money, Majority stake (Hg Capital) · Dec 2020
$1B
FreshBooksPost-money, Series E · Aug 2021
1.10×
GapBoth post-money, 8 months apart
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Benevity vs FreshBooks — side by side

Field
BenevityPRIVATE · FOUNDED 2008
FreshBooksPRIVATE · FOUNDED 2003
VS
Last valuation
$1.1B Post-money
$1B Post-money
Valuation date
1 Dec 2020
9 Aug 2021
Valuation basis
Post-money
Post-money
Latest round
Majority stake (Hg Capital)
Series E
Round size
$1.1B
$130.75M
Round lead
Hg
Accomplice
Named investors
Hg The Rise Fund Generation Investment Management JMI Equity
Accomplice J.P. Morgan Gaingels BMO Technology & Innovation Banking Group
Founded
2008
2003
Employees (est.)
≈650
≈351
Sector & HQ
Corporate social responsibility / charitable-giving software · 🇨🇦 CA
Software · 🇨🇦 CA
Status & market
Private — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $1.1B for Benevity (post-money, Dec 2020) and $1B for FreshBooks (post-money, Aug 2021).

Benevity
$1.1BPost-money · Dec 2020
FreshBooks
$1BPost-money · Aug 2021
BENEVITY · $1.1B · DEC 2020FRESHBOOKS · $1B · AUG 2021
Benevity vs FreshBooks · what each company discloses

What each company discloses, and what it leaves out

BenevityPRIVATESoftware · CA · 2008
+Last disclosed mark $1.1B — post-money, Dec 2020.
+Founded 2008 .
+≈650 employees.
+Latest round: Majority stake (Hg Capital), $1.1B raised, led by Hg.
FreshBooksPRIVATESoftware · CA · 2003
+Last disclosed mark $1B — post-money, Aug 2021.
+Founded 2003 .
+≈351 employees.
+Latest round: Series E, $130.75M raised, led by Accomplice.
Verdict

Verdict

The $1.1B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$1.1B, led by Hg in Dec 2020.
A dated print: it moves only when a newer round is announced.
The $1B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$130.75M, led by Accomplice in Aug 2021.
A dated print: it moves only when a newer round is announced.

Both marks are post-money, so 1.10× compares like with like. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

What sector is Benevity in compared to FreshBooks?›

Benevity's sector is Corporate social responsibility / charitable-giving software; FreshBooks' sector is Software.

How do Benevity and FreshBooks compare in valuation?›

Benevity is valued at $1.1B, and FreshBooks at $1B.

How much funding have Benevity and FreshBooks raised?›

Benevity has raised $1.2B across 3 rounds, and FreshBooks has raised $253.8M across 4 rounds.

How old are Benevity and FreshBooks?›

Benevity launched in 2008; FreshBooks launched in 2003.

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