About Beanworks
Beanworks is a company based in Vancouver (Canada) founded in 2012 was acquired by Quadient in March 2021.. Beanworks has raised $14.75 million across 3 funding rounds from investors including Timia Capital, Quadient and BDC. Beanworks operates in a competitive market with competitors including Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.75 M (USD)
in 3 rounds
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Latest Funding Round
$10.1 M (USD), Series B
Sep 19, 2018
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Investors
Timia Capital
& 5 more
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Employee Count
Employee Count
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Acquired by
Quadient
(Mar 22, 2021)
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Sales and Marketing
161 people
Software Development Team
127 people
Leadership Team
104 people
Human Resources and Administration
27 people
Product Management Team
27 people
Operations Team
18 people
Finance and Accounting
15 people
Senior Team
14 people
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Funding Insights of Beanworks
Beanworks has successfully raised a total of $14.75M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.1 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $10.1M
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First Round
First Round
(15 Jul 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series B - Beanworks | Valuation | FINTOP | |
| Jun, 2017 | Amount | Series A - Beanworks | Valuation |
investors |
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| Jul, 2013 | Amount | Seed - Beanworks | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Beanworks
Beanworks has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Timia Capital, Quadient and BDC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by Rhino Ventures.
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Founded Year | Domain | Location | |
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Provides financing solutions including loans and credit lines for business expansion.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Beanworks
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Beanworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Beanworks Comparisons
Competitors of Beanworks
Beanworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Bill.com, Konfío, Zaggle and AvidXchange, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Financial solutions platform provider
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| domain | founded_year | HQ Location |
Business spends, payments, and rewards are streamlined by automated workflows.
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Beanworks
Frequently Asked Questions about Beanworks
When was Beanworks founded?
Beanworks was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Beanworks located?
Beanworks is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Beanworks a funded company?
Beanworks is a funded company, having raised a total of $14.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jul 15, 2013.
What does Beanworks do?
Beanworks was founded in 2012 in Vancouver, Canada, as a provider of cloud-based accounts payable automation software. Operations focus on invoice data entry, purchase order matching, routing to approvers, and payment options including virtual credit cards and EFTACH. Integrations with systems like QuickBooks, Sage, NetSuite, and RentManager are supported. Custom reports and reminders are included, serving clients such as TicketMaster and Triphase under a subscription model.
Who are the top competitors of Beanworks?
Who are Beanworks's investors?
Beanworks has 6 investors. Key investors include Timia Capital, Quadient, BDC, FINTOP, and BDC Capital.
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