About FreeAgent
FreeAgent is a company based in Edinburgh (United Kingdom) founded in 2007 was acquired by RBS Group in March 2018. FreeAgent has raised $21.89 million across 7 funding rounds from investors including Iris, SaaS Capital and Lightbank. The company has 264 employees as of December 31, 2021. FreeAgent has completed 1 acquisition, including 60mo. FreeAgent offers products and services including FreeAgent Accounting Software and Mobile Apps. FreeAgent operates in a competitive market with competitors including Intuit, Visma, Wave, Xero and FreshBooks, among others.
- Headquarter Edinburgh, United Kingdom
- Employees 264 as on 31 Dec, 2021
- Stage Public
-
Sectors
Technology
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Freeagent Central Ltd
- Date of Incorporation 19 Feb, 2007
- Jurisdiction EDINBURGH, SCOTLAND
-
Annual Revenue
$22.61 M (USD)14as on Dec 31, 2021
-
Net Profit
-$6.11 M (USD)2as on Dec 31, 2021
-
EBITDA
-$7.53 M (USD)2as on Dec 31, 2021
-
Total Equity Funding
$21.89 M (USD)
in 7 rounds
-
Latest Funding Round
$2.7 M (USD), Series A
May 21, 2015
-
Investors
Iris
& 4 more
-
Employee Count
264
as on Dec 31, 2021
- Investments & Acquisitions
-
Acquired by
RBS Group
(Mar 27, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of FreeAgent
FreeAgent offers a comprehensive portfolio of products and services, including FreeAgent Accounting Software and Mobile Apps.
Manages business finances, invoicing, and tax filings
Enables on-the-go access to accounting features
People of FreeAgent
Unlock access to complete
Sales and Marketing
26 people
Software Development Team
20 people
Senior Team
11 people
Product Management Team
8 people
Creative and Marketing Team
6 people
Human Resources and Administration
5 people
Leadership Team
3 people
Staff Team
2 people
Unlock access to complete
Funding Insights of FreeAgent
FreeAgent has successfully raised a total of $21.89M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $2.7 million completed in May 2015. 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.
Investors in FreeAgent
FreeAgent has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Iris, SaaS Capital and Lightbank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tech focused seed & early stage VC firm investing primarily in the US
|
Locked | Locked | Locked | |
|
Early-stage tech and internet startups are funded by SM TRUST.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for FreeAgent
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by FreeAgent
FreeAgent has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 60mo.
Investment portfolio details for FreeAgent
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Business Finance & Forecasting Software
|
Locked | Locked | 2009 | Locked |
Complete acquisition details for FreeAgent
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - FreeAgent
Detailed financials for FreeAgent
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Freeagent Comparisons
Peer comparison for FreeAgent
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of FreeAgent
FreeAgent 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 Intuit, Visma, Wave, Xero and FreshBooks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial and accounting software is developed for businesses and individuals.
|
|
| Locked | Locked | Locked |
Cloud-based ERP software is provided for business management across segments.
|
|
| Locked | Locked | Locked |
Web-based accounting software is offered for business use.
|
|
| Locked | Locked | Locked |
Cloud-based accounting and payment management is offered for small businesses.
|
|
| Locked | Locked | Locked |
Cloud-based invoicing and accounting software is offered for businesses.
|
Detailed competitors of FreeAgent
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Freeagent
Complete news archive for FreeAgent
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about FreeAgent
FreeAgent was founded in 2007 and raised its 1st funding round 2 years after it was founded.
FreeAgent is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
FreeAgent is a funded company, having raised a total of $21.89M across 7 funding rounds to date.
As of Dec 31, 2021, the latest employee count at FreeAgent is 264.
Annual revenue of FreeAgent is $22.61M as on Dec 31, 2021.
FreeAgent was founded in 2007 in Edinburgh, United Kingdom, as a provider of cloud-based accounting software aimed at small businesses, freelancers, and accountants. Services are delivered for expense logging, invoice creation and dispatch, time tracking, tax bill forecasting, RTI-compliant payroll processing, estimate management, and cash flow monitoring. Operations center on financial task automation within the UK accounting sector.
FreeAgent offers FreeAgent Accounting Software and Mobile Apps.
FreeAgent has made 1 acquisition, including 60mo.
FreeAgent has 5 investors. Key investors include Iris, SaaS Capital, Lightbank, SM TRUST, and NatWest Group.
The valuation of FreeAgent is $47.28M as of May 2015.