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
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.
| 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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Commercial banking services for small and medium-sized enterprises are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hubdoc
Financial Statements - Hubdoc
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.
| 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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Frequently Asked Questions about Hubdoc
Hubdoc was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Hubdoc is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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.
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.
Hubdoc has 4 investors. Key investors include Xero, BDC, Hyde Park Venture Partners, and Round13 Capital.