About Invoice2go
Invoice2go is a Technology company based in Palo Alto (United States) founded in 2002, and was acquired by Bill.com in July 2021. An app-based invoicing solution is provided for small businesses. It operates in the Technology and Financial Services sectors. 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. Its chief executive, as recorded, is Mark Lenhard. Its website invoice.2go.com draws about 121 thousand monthly visits. Invoice2go offers products and services including Invoicing Software and Payment Processing. Its focus areas include FinTech, Payments, Business Payments and Mass Payouts. Its legal entity is Invoice2go, LLC.
Company details
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.
- Total Equity Funding$60M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series C
Sep 2018
- InvestorsBill.com
& 3 more
- Investments & AcquisitionsBetterlance
& 1 more
- Acquired byBill.com
(Jul 2021)
Products & Services of Invoice2go
Invoice2go offers a comprehensive portfolio of products and services, including Invoicing Software and Payment Processing.
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.
Apps and channels of Invoice2go
Invoice2go publishes 2 mobile apps with over 1M+ downloads; its YouTube channel Invoice2go has 1.96K subscribers and 18 videos.
Videos from Invoice2go
The most watched videos on Invoice2go's YouTube channel, Invoice2go (1.96K subscribers). Click a video to play it here.
More on Invoice2go.
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 $60M
- Total Rounds 3
- Last Round Series C — $10M
- First Round $35M
(Sep 2014)
- Investors Count 3
All 3 funding rounds of Invoice2go 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 |
|---|---|---|---|---|---|
| Sep 2018 | $10M | Series C | – | OCV Partners | |
| Nov 2015 | $15M | Series C | – | – | |
| Sep 2014 | $35M | Series A | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided by OCV Partners. | ocvpartners.com | Los Angeles, United States | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Cloud-based accounts payable and receivable software for businesses | 2006 | bill.com | Palo Alto, United States |
Investor details for Invoice2go
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
Verified entity values are shown only after access is granted.
People of Invoice2go
19 people are tracked at Invoice2go (3 in leadership, 3 in board & advisors, 13 in team).
| Name | Role | Group |
|---|---|---|
Mark Lenhard | CEO | Leadership |
Mariana Donangelo | Senior Director, Product | Leadership |
Pranav Piyush | VP, Marketing - Go To Market | Leadership |
John Locke | Director | Board & advisors |
Meyer Malka | Director | Board & advisors |
Cherry Miao | Director | Board & advisors |
Haydon Gunn | Frontend Engineer | Team |
Ruth Lovejoy | Brand Marketing - Creative Studio (Invoice2go & BILL) | Team |
Leon Giang | Operations Manager | Team |
Shyra Flores | Senior Security Engineer | Team |
Veena Pilli | Senior Android Engineer | Team |
Yubai Liu | Associate iOS Engineer | Team |
Jacob (Zhenguo) Fu | Senior Software Engineer | Team |
Roberto Parma | Senior Software Engineer | Team |
Johnny Chan | Senior Product Designer | Team |
Hui Ong | Senior iOS Engineer | Team |
Kal H. | Growth Android Engineer | Team |
Nariman Khaled | iOS Engineer | Team |
Cassie Gallagher | Motion Designer — Brand Content ◦ BILL | Team |
Complete people profiles for Invoice2go
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 Invoice2go
Invoice2go has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Betterlance and Book Launch.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Client management and verified leads are provided for freelancers. | betterlance.co | Sacramento, United States | 2019 | Apr 2021 | •••• | |
Print and publishing services are provided to clients worldwide. | booklaunch.com | United States | 1998 | Apr 2021 | •••• |
Complete acquisition details for Invoice2go
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 Invoice2go
6 dated milestones of Invoice2go across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Invoice2go is founded.
- Funding First funding round of $35.0M.
- Funding Latest funding round, Series C, of $10.0M.
- Acquisition Acquires Book Launch.
- Acquisition Acquires Betterlance.
- Exit Acquired by Bill.com.
Web traffic of Invoice2go
The website of Invoice2go (invoice.2go.com) receives about 120.7K visits a month.
- Monthly visits120.7K
▼ 3.5% vs previous month
Websites whose visitors overlap most with Invoice2go. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| invoicehome.com | 100% | #25,541 | View details | ||
| billdu.com | 88% | 324.4K | #144,406 | View details | |
| invoicely.com | 85% | 254.1K | #120,177 | View details | |
exceltmp.com | exceltmp.com | 84% | #2,528,877 | – | |
| invoice-generator.com | 84% | #23,536 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Invoice2go
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Invoice2go (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Invoice2go
Complete news archive for Invoice2go
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Invoice2go
Invoice2go was founded in 2002 and raised its 1st funding round 12 years after it was founded.
Invoice2go is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Mark Lenhard is the CEO of Invoice2go, as recorded in our data.
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 2014.
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.
Invoice2go offers Invoicing Software and Payment Processing.
Invoice2go has made 2 acquisitions, including Betterlance, and Book Launch.
Invoice2go has 4 investors. Key investors include Bill.com, Accel, Ribbit Capital, and OCV Partners.
Invoice2go operates through Invoice2go, Llc.
Yes. Invoice2go was acquired by Bill.com in July 2021.
Yes. Invoice2go publishes Invoice2go: Easy Invoice Maker and 1 more app, with over 1 million downloads.
The website of Invoice2go receives about 121 thousand visits a month.