About Invoice2go
Invoice2go is a company based in Palo Alto (United States) founded in 2002 was acquired by Bill.com in July 2021.. Invoice2go has raised $60 million across 3 funding rounds from investors including Bill.com, Accel and Ribbit Capital. Invoice2go has completed 2 acquisitions, including Betterlance and Book Launch. Invoice2go offers products and services including Invoicing Software and Payment Processing.
- Headquarter Palo Alto, United States
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Invoice2go, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series C
Sep 11, 2018
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Investors
Bill.com
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Betterlance
& 1 more
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Acquired by
Bill.com
(Jul 19, 2021)
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Products & Services of Invoice2go
Invoice2go offers a comprehensive portfolio of products and services, including Invoicing Software and Payment Processing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Invoicing software is utilized for creating professional invoices and tracking payments, which assists in optimizing cash flow for small businesses.
Payment processing is offered to enable online transactions and expense management, ensuring that businesses can handle financial operations effectively.
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Funding Insights of Invoice2go
Invoice2go has successfully raised a total of $60M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in September 2018. 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 3
- Last Round Series C — $10.0M
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First Round
First Round
(23 Sep 2014)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series C - Invoice2go | Valuation | OCV Partners | |
| Nov, 2015 | Amount | Series C - Invoice2go | Valuation |
investors |
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| Sep, 2014 | Amount | Series A - Invoice2go | Valuation |
investors |
| 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 Invoice2go
Invoice2go has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bill.com, Accel and Ribbit Capital. 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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Venture capital investments are provided by OCV Partners.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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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 Invoice2go
Invoice2go has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Betterlance and Book Launch. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Client management and verified leads are provided for freelancers.
|
2019 | ||||
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Print and publishing services are provided to clients worldwide.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Invoice2go
| 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 |
Invoice2go Comparisons
Competitors of Invoice2go
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Invoice2go
When was Invoice2go founded?
Invoice2go was founded in 2002 and raised its 1st funding round 12 years after it was founded.
Where is Invoice2go located?
Invoice2go is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Invoice2go?
Mark Lenhard is the current CEO of Invoice2go.
Is Invoice2go a funded company?
Invoice2go is a funded company, having raised a total of $60M across 3 funding rounds to date. The company's 1st funding round was a Series A of $35M, raised on Sep 23, 2014.
What does Invoice2go do?
Invoice2go was founded in 2002 in Palo Alto, United States, focusing on financial software for small businesses. Invoices are created and sent via smartphones, tablets, or computers, with online payments accepted from debit and credit cards. Features such as invoice tracking, business performance reports, time tracking, recurring invoicing, and expense tracking are included. The application is accessible on iOS and Android platforms.
What products or services does Invoice2go offer?
Invoice2go offers Invoicing Software and Payment Processing.
How many acquisitions has Invoice2go made?
Invoice2go has made 2 acquisitions, including Betterlance, and Book Launch.
Who are Invoice2go's investors?
Invoice2go has 4 investors. Key investors include Bill.com, Accel, Ribbit Capital, and OCV Partners.
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