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
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Freeagent Central Ltd
- Date of Incorporation 19 Feb, 2007
- Jurisdiction EDINBURGH, SCOTLAND
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Annual Revenue
$22.61 M (USD)14as on Dec 31, 2021
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Net Profit
$-6.11 M (USD)2as on Dec 31, 2021
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EBITDA
$-7.53 M (USD)2as on Dec 31, 2021
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Total Equity Funding
$21.89 M (USD)
in 7 rounds
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Latest Funding Round
$2.7 M (USD), Series A
May 21, 2015
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Investors
Iris
& 4 more
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Employee Count
264
as on Dec 31, 2021
- Investments & Acquisitions
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Acquired by
RBS Group
(Mar 27, 2018)
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Products & Services of FreeAgent
FreeAgent offers a comprehensive portfolio of products and services, including FreeAgent Accounting Software and Mobile Apps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages business finances, invoicing, and tax filings
Enables on-the-go access to accounting features
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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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $2.7M
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First Round
First Round
(20 Mar 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Series A - FreeAgent | Valuation |
investors |
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| Apr, 2015 | Amount | Debt – Conventional - FreeAgent | Valuation |
investors |
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| Mar, 2013 | Amount | Series A - FreeAgent | Valuation |
investors |
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| 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 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. 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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Tech focused seed & early stage VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Early-stage tech and internet startups are funded by SM TRUST.
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Founded Year | Domain | Location | |
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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 FreeAgent
FreeAgent has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 60mo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business Finance & Forecasting Software
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FreeAgent
| 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 |
Freeagent Comparisons
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. 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Freeagent
Frequently Asked Questions about FreeAgent
When was FreeAgent founded?
FreeAgent was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is FreeAgent located?
FreeAgent is headquartered in Edinburgh, United Kingdom. It is registered at Edinburgh, Scotland, United Kingdom.
Is FreeAgent a funded company?
FreeAgent is a funded company, having raised a total of $21.89M across 7 funding rounds to date. The company's 1st funding round was a Series A of $164.13K, raised on Mar 20, 2009.
How many employees does FreeAgent have?
As of Dec 31, 2021, the latest employee count at FreeAgent is 264.
What is the annual revenue of FreeAgent?
Annual revenue of FreeAgent is $22.61M as on Dec 31, 2021.
What does FreeAgent do?
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.
Who are the top competitors of FreeAgent?
What products or services does FreeAgent offer?
FreeAgent offers FreeAgent Accounting Software and Mobile Apps.
How many acquisitions has FreeAgent made?
FreeAgent has made 1 acquisition, including 60mo.
Who are FreeAgent's investors?
FreeAgent has 5 investors. Key investors include Iris, SaaS Capital, Lightbank, SM TRUST, and NatWest Group.
What is FreeAgent's valuation?
The valuation of FreeAgent is $47.28M as of May 2015.
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