About FreshBooks
FreshBooks is a Technology company based in Toronto (Canada) founded in 2003 by Mike McDerment. Cloud-based invoicing and accounting software is offered for businesses. FreshBooks has raised $153.75 million across 7 funding rounds from investors including Barclays, J P Morgan and Morgan Stanley. The company has 380 employees. FreshBooks has completed 2 acquisitions, including Facturama and FastBill. FreshBooks was last valued at $1 billion in August 2021. Its chief executive, as recorded, is Mike McDerment. Its website freshbooks.com draws about 2.7 million monthly visits. FreshBooks offers products and services including Invoicing, Expenses Tracking, Payments, and Accounting. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite.
Company details
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.
- Headquarters Toronto, Canada
- Employees 380
- Founders Mike McDerment
- Stage Unicorn
- SectorsTechnology
- Website category Computers Electronics and Technology · Programming and Developer Software
- Email••••••••
- Phone•••• ••••
- Website freshbooks.com
- Social LinkedIn X Facebook Instagram YouTube
- Annual Revenue$1.16 M (USD)as on Dec 31, 2025
- Net Profit-$451.06 K (USD)as on Dec 31, 2025
- EBITDA-$447.73 K (USD)as on Dec 31, 2025
- Total Equity Funding$153.75M (USD)
in 7 rounds
- Latest Funding Round$125M (USD), Debt – Conventional
Mar 2025
- InvestorsBarclays
& 17 more
- Employee Count380
- Investments & AcquisitionsFacturama
& 1 more
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.
Apps and channels of FreshBooks
FreshBooks publishes 3 mobile apps with over 1M+ downloads; its YouTube channel FreshBooks has 7.37K subscribers and 30 videos.
Videos from FreshBooks
The most watched videos on FreshBooks's YouTube channel, FreshBooks (7.37K subscribers). Click a video to play it here.
More on FreshBooks.
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.
- Total Funding $153.75M
- Total Rounds 7
- Last Round Debt – Conventional — $125M
- First Round $30M
(Jul 2014)
- Investors Count 18
All 7 funding rounds of FreshBooks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $125M | Debt – Conventional | – | – | |
| Aug 2022 | $100M | Debt – Conventional | – | – | |
| Aug 2021 | $50M | Debt – Conventional | – | – | |
| Aug 2021 | $80.75M | Series E | $1B | Accomplice | |
| Aug 2019 | Series B | – | JPMorgan Chase | – | |
| Jul 2017 | $43M | Series B | – | Georgian | |
| Jul 2014 | $30M | Series A | – | Oak Investment Partners |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $1B | •••••••• |
Last known valuation $1B (Aug 2021). 18 investors in total: 18 institutional.
Investors in FreshBooks
FreshBooks has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Barclays, J P Morgan and Morgan Stanley.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accomplice is engaged in venture capital investments for startups. | accomplice.co | Boston, United States | ||
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com | |||
Venture capital investments are made in disruptive growth companies. | oakvc.com | Greenwich, United States | ||
Venture capital is provided to expanding B2B software companies. | 2008 | georgian.io | Toronto, Canada | |
Venture capital firm investing in life science and biotechnology sectors | 1980 | atlasventure.com | Cambridge, United States | |
Investments are made in early-stage healthtech and fintech startups. | oakhcft.com | Stamford, United States | ||
Company buyouts are targeted by this private equity firm. | claridgeinc.com | Montreal, Canada | ||
Investments in tech startups are made by Evolution VC Partners. | evolutionvcp.com | New York, United States | ||
Diversified investment management is conducted by Teralys Capital. | teralyscapital.com | Montreal, Canada | ||
Private fund focused on equity, secondary market, fund of funds, and multiple investments | 2009 | northleafcapital.com | Toronto, Canada |
Investor details for FreshBooks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of FreshBooks
93 people are tracked at FreshBooks (18 in leadership, 75 in team); the tracked headcount is 380.
| Name | Role | Group |
|---|---|---|
Mike McDerment | Co-Founder & CEO | Leadership |
Shaheen Javadizadeh | CEO | Leadership |
Simran Singh | Director, Planning & Analysis | Leadership |
Kimberly Tam | Director, Finance & Controller | Leadership |
Kiley Meehan | Senior Director, Product Design | Leadership |
Babak Dardashti | VP, Business Technology in General Administration - Data / Analytics | Leadership |
Erin Kerr | Senior Director Of Revenue Operations | Leadership |
Kaya Smith | Director Of Data Platforms | Leadership |
Colin Hunt | Director, Enterprise Architecture | Leadership |
Jeff McMahon | Director, Digital Acquisition | Leadership |
Paul Youn | Art Director | Leadership |
Antonio Rodriguez de Tembleque Fuentes | Head Of Marketing México | Leadership |
Martin Arochi Briones | Senior Director, Mexico GTM | Leadership |
Krystle Olson | VP Human Resources | Leadership |
Yang Sun | Sr. Human Resources Business Partner | Leadership |
Michael W. | Director Of Analytics | Leadership |
Alanna Ryan | Partner Consultant | Leadership |
Prachi Bhatia | Head Of Performance Marketing (paid And Organic) | Leadership |
Yiming Z. | Staff Data Engineer | Team |
Danny Trinh | Program Team Lead - Accounting | Team |
73 more people are available in the full profile.
Complete people profiles for FreshBooks
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by FreshBooks
FreshBooks has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Facturama and FastBill.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Accounting and invoice management solutions are offered for businesses. | fastbill.com | Essen, Germany | 2007 | Oct 2021 | •••• | |
Online slot games are provided through licensed servers. | facturama.mx | Mexico | 2012 | Sep 2020 | •••• |
Complete acquisition details for FreshBooks
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of FreshBooks
6 dated milestones of FreshBooks across 22 years, from founding to its latest funding, stage changes and deals.
Web traffic of FreshBooks
The website of FreshBooks (freshbooks.com) receives about 2.7M visits a month and ranks #16,539 among all websites worldwide, #2,204 in Programming and Developer Software.
- Monthly visits2.7M
▲ 2.8% vs previous month
- Unique visitors673K
per month
- Global rank#16,539
among all websites
- Category rank#2,204
Computers Electronics and Technology · Programming and Developer Software
- Bounce rate38%
- Pages per visit6.8
- Average visit5 min 21 sec
- DevicesDesktop 74% · Mobile 26%
Websites whose visitors overlap most with FreshBooks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| waveapps.com | 100% | 6.4M | #6,988 | View details | |
| xero.com | 93% | 33.4M | #772 | View details | |
| getharvest.com | 73% | 686.6K | #92,204 | View details | |
curdbee.com | curdbee.com | 71% | – | ||
| billingorchard.com | 67% | #2,761,072 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for FreshBooks
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- 40 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
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Related news about 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 CEO of FreshBooks, as recorded in our data. They have also founded this company.
FreshBooks is a funded company, having raised a total of $153.75M across 7 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jul 2014.
FreshBooks has 380 employees.
Annual revenue of FreshBooks is $1.16M as on Dec 31, 2025.
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 18 investors. Key investors include Barclays, J P Morgan, Morgan Stanley, BMO, and JPMorgan Chase.
The valuation of FreshBooks is $1B as of Aug 2021.
Yes. FreshBooks publishes FreshBooks Invoicing App and 2 more apps, with over 1 million downloads.