About FreshBooks
FreshBooks is a company based in Toronto (Canada) founded in 2003 by Mike McDerment. FreshBooks has raised $153.75 million across 7 funding rounds from investors including Barclays, J P Morgan and Morgan Stanley. FreshBooks has completed 2 acquisitions, including Facturama and FastBill. FreshBooks offers products and services including Invoicing, Expenses Tracking, Payments, and Accounting. FreshBooks operates in a competitive market with competitors including Intuit, Visma, Wave, Xero and FreeAgent, among others.
- Headquarter Toronto, Canada
- Founders Mike McDerment
- Stage Unicorn
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Sectors
Technology
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Products & Services of FreshBooks
FreshBooks offers a comprehensive portfolio of products and services, including Invoicing, Expenses Tracking, Payments, and Accounting.
Software for creating and managing professional invoices quickly.
Tool for scanning receipts and categorizing business expenses easily.
System for online payments and automated billing reminders.
Platform for real-time financial reports and tax preparation.
People of FreshBooks
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Software Development Team
18 people
Data Analysis and Operations Team
17 people
Sales and Marketing
16 people
Product Management Team
11 people
Senior Team
6 people
Finance and Accounting
5 people
Operations Team
3 people
Leadership Team
3 people
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Funding Insights of FreshBooks
FreshBooks has successfully raised a total of $153.75M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $125 million completed in March 2025. 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 FreshBooks
FreshBooks has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Barclays, J P Morgan and Morgan Stanley.
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Accomplice is engaged in venture capital investments for startups.
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Venture capital investing with a focus on diversity and inclusion in the ecosystem.
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Venture capital investments are made in disruptive growth companies.
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Investor details for FreshBooks
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- Investor locations
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Investments & Acquisitions by FreshBooks
FreshBooks has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Facturama and FastBill.
Investment portfolio details for FreshBooks
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- Portfolio identities
- Transaction dates
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Online slot games are provided through licensed servers.
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Accounting and invoice management solutions are offered for businesses.
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Complete acquisition details for FreshBooks
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- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - FreshBooks
Detailed financials for FreshBooks
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Freshbooks Comparisons
Peer comparison for FreshBooks
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Competitors of FreshBooks
FreshBooks 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 FreeAgent, among others.
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Financial and accounting software is developed for businesses and individuals.
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Cloud-based ERP software is provided for business management across segments.
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Web-based accounting software is offered for business use.
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Cloud-based accounting and payment management is offered for small businesses.
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Cloud-based accounting software is provided for small businesses and freelancers.
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Detailed competitors of FreshBooks
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Freshbooks
Complete news archive for FreshBooks
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Frequently Asked Questions about FreshBooks
FreshBooks was founded in 2003 and raised its 1st funding round 11 years after it was founded.
FreshBooks is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Mike McDerment is the current CEO of FreshBooks. They have also founded this company.
FreshBooks is a funded company, having raised a total of $153.75M across 7 funding rounds to date.
FreshBooks was established in 2003 in Toronto, Canada, as a provider of cloud-based accounting solutions. Invoicing, time tracking, expense management, project oversight, online payments, and financial reporting are handled through the platform. Small and medium-sized enterprises, freelancers, and compact teams are served across various industries. Access is enabled via Android and iOS applications for operational efficiency.
FreshBooks offers Invoicing, Expenses Tracking, Payments, and Accounting.
FreshBooks has 11 investors. Key investors include Barclays, J P Morgan, Morgan Stanley, BMO, and JPMorgan Chase.
The valuation of FreshBooks is $1B as of Aug 2021.