About FreeBalance
FreeBalance is a company based in Ottawa (Canada) founded in 1984. FreeBalance has raised $3 million across 2 funding rounds from investors including TechnoCap and Pacific Lake Partners. The company has 22 employees as of April 06, 2024. FreeBalance offers products and services including Accountability Suite, Government Performance Management, and Advisory Services. FreeBalance operates in a competitive market with competitors including ClearGov, Munetrix, Decision Lens, ResourceX and Springbrook Software, among others.
- Headquarter Ottawa, Canada
- Employees 22 as on 06 Apr, 2024
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Sectors
Government & Social SectorTechnology
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Phone
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Website
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Social
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- Legal Name Freebalance Software Solutions India Private Limited
- Date of Incorporation 28 Feb, 2011
- Jurisdiction Bally Jagachha, West Bengal, India
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Annual Revenue
$688.83 K (USD)9.97as on Mar 31, 2023
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Net Profit
$30.36 K (USD)29.21as on Mar 31, 2023
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EBITDA
$3.4 K (USD)-91.11as on Mar 31, 2023
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
TechnoCap
& 1 more
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Employee Count
22
as on Apr 06, 2024
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Products & Services of FreeBalance
FreeBalance offers a comprehensive portfolio of products and services, including Accountability Suite, Government Performance Management, and Advisory Services.
Software for managing public finances and budget cycles.
Tools for linking budgets to outcomes in government operations.
Guidance on sequencing PFM reforms for better governance.
People of FreeBalance
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Funding Insights of FreeBalance
FreeBalance has successfully raised a total of $3M across 2 strategic funding rounds. 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 FreeBalance
FreeBalance has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TechnoCap and Pacific Lake Partners.
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Investor details for FreeBalance
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by FreeBalance
Investment portfolio details for FreeBalance
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - FreeBalance
Detailed financials for FreeBalance
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Freebalance Comparisons
Peer comparison for FreeBalance
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of FreeBalance
FreeBalance 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 ClearGov, Munetrix, Decision Lens, ResourceX and Springbrook Software, among others.
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Cloud-based budget and performance management software is provided.
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Web-based financial tools for municipal and school forecasting are offered.
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Decision-making software is provided for government organizations' portfolio prioritization.
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Cloud-based platform for financial planning and budgeting
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Financial software is provided to local government agencies.
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Government operation management software
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Detailed competitors of FreeBalance
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Latest news on Freebalance
Complete news archive for FreeBalance
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Frequently Asked Questions about FreeBalance
FreeBalance was founded in 1984 and raised its 1st funding round 18 years after it was founded.
FreeBalance is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
FreeBalance is a funded company, having raised a total of $3M across 2 funding rounds to date.
As of Apr 06, 2024, the latest employee count at FreeBalance is 22.
Annual revenue of FreeBalance is $688.83K as on Mar 31, 2023.
FreeBalance was founded in 1984 in Ottawa, Canada, and specializes in the public sector software industry. An accountability suite is offered, covering public financial management, expenditure management, treasury management, receipts management, performance management, and civil service management. Transparency portals are also provided to support government operations. The companys domain is freebalance.com, with a focus on solutions for international public agencies.
FreeBalance's top competitors include Munetrix, ClearGov and Decision Lens.
FreeBalance offers Accountability Suite, Government Performance Management, and Advisory Services.
FreeBalance has 2 investors. Key investors include TechnoCap, and Pacific Lake Partners.