About Hubdoc
Hubdoc is a company based in Toronto (Canada) founded in 2011 was acquired by Xero in July 2018.. Hubdoc has raised $4.85 million across 1 funding round from investors including Xero, BDC and Hyde Park Venture Partners. Hubdoc operates in a competitive market with competitors including Kivra, Neat, Dext, Docsumo and ReceiptHero, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Hubdoc Inc.
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Funding Insights of Hubdoc
Hubdoc has successfully raised a total of $4.85M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.85 million completed in June 2017. 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 1
- Last Round Seed — $4.8M
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First Round
First Round
(21 Jun 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2017 | Amount | Seed - Hubdoc | Valuation | BDC , Round13 |
| 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 Hubdoc
Hubdoc has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Xero, BDC and Hyde Park Venture Partners. 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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Early-stage venture capital is invested in Midwest technology startups.
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Founded Year | Domain | Location | |
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Round13 Capital is engaged in venture capital investments across Canada.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 Hubdoc
| 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 |
Financial Statements - Hubdoc
| 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 |
Hubdoc Comparisons
Competitors of Hubdoc
Hubdoc 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 Kivra, Neat, Dext, Docsumo and ReceiptHero, 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 |
Invoice digitization tools are provided for business data management.
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| domain | founded_year | HQ Location |
Cloud-based digital filing systems are provided for small businesses.
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| domain | founded_year | HQ Location |
Provider of bookkeeping automation software for businesses and accountants
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| domain | founded_year | HQ Location |
Data from unstructured documents is extracted via cloud-based automation.
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| domain | founded_year | HQ Location |
Receipt digitization and online payment solutions are provided 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 Hubdoc
Frequently Asked Questions about Hubdoc
When was Hubdoc founded?
Hubdoc was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Hubdoc located?
Hubdoc is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Hubdoc a funded company?
Hubdoc is a funded company, having raised a total of $4.85M across 1 funding round to date. The company's 1st funding round was a Seed of $4.85M, raised on Jun 21, 2017.
What does Hubdoc do?
Hubdoc delivers an automated document collaboration platform for accountants and the small businesses.Users can click a picture of bill through app, or directly upload scanned copy, or forward invoices through mail. It pulls bills, receipts and statements into one secure hub. It converts the metadata from docs into data and publish those documents to cloud accounting platforms creating transactions with the source documents attached. Its free for first 14 days, afterwards charges 20 per month.
Who are Hubdoc's investors?
Hubdoc has 4 investors. Key investors include Xero, BDC, Hyde Park Venture Partners, and Round13 Capital.