FreshBooks Raises $43 million USD to Fuel Growth of Its New

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
33
FreshBooks Raises $43 million USD to Fuel Growth of Its New Platform in North America

TORONTO, ON--(Marketwired - Jul 18, 2017) - FreshBooks, the #1 accounting software in the cloud for self-employed professionals and their teams , announced today that the company has raised $43 million USD ($57M CDN) in Series B funding led by existing investor Georgian Partners. Previous investors Accomplice and Oak Investment Partners also participated in the funding round. In conjunction with the funding, Simon Chong, managing partner and co-founder at Georgian Partners, has joined FreshBook's board of directors.

"FreshBooks is a market leader in online billing and accounting for small businesses and is uniquely positioned to benefit from continued adoption of cloud software," said Simon Chong, managing partner and co-founder at Georgian Partners. "We are thrilled to continue our partnership with this experienced leadership team right at the growth stage of their market."

FreshBooks makes accounting easy for service-based small business owners and independent professionals. More than 10 million people across 160 countries have used FreshBooks. The company previously raised $30M USD ($40M CDN) in institutional funding in July 2014. Following the launch of its new FreshBooks platform in September 2016, the company plans to invest in fueling its growth in North America, and continuing platform innovation for billing, reporting, accounting, and partner integrations.

"Our mission is to reshape the world to suit the needs of self-employed professionals and their teams. Building a global technology company in Toronto and launching the new FreshBooks platform helps us live the mission," said Mike McDerment, co-founder and CEO at FreshBooks. "The new FreshBooks was designed to be easier, simpler and modern, with the benefits of natural collaboration and faster product improvements."

About Georgian Partners

Georgian Partners is a thesis-driven growth equity firm investing in SaaS-based business software companies exploiting applied artificial intelligence, security first and conversational business. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages our global software expertise to be able to directly impact the success of companies. For more information, visit www.georgianpartners.com .

About FreshBooks

FreshBooks is the #1 accounting software in the cloud designed exclusively for service-based small business owners and independent professionals. The company has helped more than 10 million people worldwide process billions of dollars with its ridiculously easy-to-use invoicing, time tracking, expense management features. Recognized with eight Stevie awards for best customer service in the world, the company's mantra is to "execute extraordinary experiences everyday." Based in Toronto, Canada, FreshBooks serves paying customers in 160 countries. www.FreshBooks.com  

Contact: BOCA Communications Email Contact

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Common ADHD Accommodations Fail to Boost Performance

Updated Category News Views 144

Rethink ADHD Accommodations When it comes to ADHD, everyone ties the classic school accommodations to success. You give kids extra time, a quieter spot, and regular breaks, and you figure that's the magic formula, right? Well, hold onto your hats, because a fresh study out of Florida International University is flipping that script. Turns out, all those accommodations we...

Continue Reading
Samuel Oschin Center Opens, Promising Wonder

Updated Category News Views 137

A Grand New Space for Space Well, here's a sight for sore eyes—California Science Center's Samuel Oschin Air and Space Center just swung its doors open wide, and boy, it's a beast of a place. Housing a spectacle like the Space Shuttle Endeavour in a vertical launch position, it's as if they've reached up and snagged a piece of the sky itself for their exhibits. They're...

Continue Reading
Sports Clock Radio: A Game Time Enthusiast's Dream

Updated Category News Views 87

A New Gadget for the Diehard Fan Fanatics, gather 'round. There's an innovation rolling out that's looking to marry the good old alarm clock radio with the rush of game day fever! Over in Pittsburgh, an inventor's cooking up something that every loyal sports fan might soon find irresistible—a Sports Clock Radio, bringing the stadium experience to your living room or...

Continue Reading
Decibel's Bold Move to Trade on OTCQX: A New Era

Updated Category News Views 82

Decibel Sets Sail on the OTCQX Best Market Right off the bat, we're talking about Decibel Cannabis Company Inc. making waves by jumping from the OTCQB to the more reputable OTCQX Best Market. If this doesn’t make you sit up and take notice, I don’t know what will. The ticker OTCQX:DBCCF is now on a stage where it can potentially woo more U.S. investors, and given the...

Continue Reading
Zoomlion Unveils AI-Powered Gear at bauma CHINA 2026

Updated Category News Views 283

Setting the Stage for AI in Construction Now here's a scene that's hard to ignore—Zoomlion strutting its stuff at bauma CHINA 2026, putting over 60 examples of its AI-powered, new-energy technologies front and center. It's not every day we see a massive leap this big in the industry, and this November in Shanghai, Zoomlion's got plans to make sure we don't quickly...

Continue Reading
Missoula Inventor Offers Handy Phone Solution on the Move

Updated Category News Views 83

Adjustable Convenience for the Modern Commuter When you're commuting or just lounging around, less hand strain and more comfort sounds like a no-brainer, right? Well, an inventive soul from Missoula, Montana, just might have cracked this little nut with a gizmo they're calling the COMMUTER PHONE. Imagine never having to juggle your phone during those bumpy moments on the...

Continue Reading
Wiz Khalifa Ignites MJBizCon 2026 with Keynote and Music

Updated Category News Views 144

An Icon in Cannabis Culture Hits the Stage When you mix business with pleasure, you get something like what MJBizCon's cooking up this year. Wiz Khalifa, the man with a knack for turning passion into profit, is jumping onto the stage—not just as a performer, but also as a keynote speaker. On December 2, attendees are in for a treat as he steps into a new spotlight at...

Continue Reading
Koppers Faces SEC Scrutiny After Earnings Miss

Updated Category News Views 140

Koppers' Third-Quarter Blues: Missing the Mark Koppers Holdings Inc. (NYSE: KOP) took a hard hit this quarter, missing Wall Street's earnings expectations by a mile. The adjusted earnings per share came in at just $0.77, while the suits down on Wall Street were expecting something closer to $1.34 to $1.37. Now, if you’re holding KOP in your portfolio, you're probably...

Continue Reading
NVIDIA Faces Legal Turbulence: CEO's Exit Sparks Chaos

Updated Category News Views 126

Jensen Huang's Sudden Exit: A Barrage of Headlines In what feels like a blow delivered by a sledgehammer, NVIDIA is rocked by the abrupt resignation of its iconic co-founder and CEO, Jensen Huang. This isn't some quiet departure into the night. Nope, it's more like a cannonball being fired into the investor lounge, leaving a wreckage for all to navigate through. Huang's...

Continue Reading
Lavazza 2027 Calendar: Moments of Pleasure Worldwide

Updated Category News Views 248

Capturing Fleeting Joy Through the Lens In 2027, Lavazza sets the stage for an evocative exploration of human pleasure through its iconic calendar. Teaming up with photographers Jim Goldberg, Alex Majoli, and Paolo Pellegrin, the project spans three vibrant cities: New York, Lisbon, and Hong Kong. These masters of the lens invite us to pause and appreciate the understated...

Continue Reading

Top 5 Most Recently Viewed Articles

Exciting Developments in the Arena Garden Towers Project

Updated Category News Views 238

Groundbreaking for Arena Garden Towers Project Begins SIA Merks M?jas, a prominent member of the AS Merko Ehitus group, is making strides with the start of the Arena Garden Towers residential project. This ambitious venture is located in the Skanste district of Riga, and consists of a modern 13-storey building. The structure will feature a total of 84 apartments, set to...

Continue Reading
Celsius Holdings Faces Legal Action Due to Alleged Fraud Issues

Updated Category News Views 532

Legal Action Against Celsius Holdings, Inc. Individuals have been informed about a significant legal development affecting Celsius Holdings, Inc. (NASDAQ: CELH). Recently, a securities class action lawsuit was initiated on behalf of investors who purchased Celsius common stock during a specific time frame. This alert is particularly relevant for those who acquired shares...

Continue Reading
Understanding Short Interest Trends for IRT in 2024

Updated Category News Views 185

Independence Realty Trust Short Interest Overview Independence Realty Trust's IRT short interest has experienced a notable increase of 15.54% since its previous reporting period. Currently, the company has reported that there are approximately 25.00 million shares sold short. This figure accounts for about 15.24% of all shares available for trading in the market. Given...

Continue Reading
Transforming Data Management: FairCom's RTG v5 Unveiled

Updated Category News Views 261

Transforming Data Management with FairCom RTG v5 FairCom has recently introduced the revolutionary RTG v5, a game-changer designed to simplify the way businesses handle their legacy COBOL data. With a firm commitment to bridging the gap between traditional systems and modern data management, FairCom RTG ensures that COBOL contributes positively to company growth instead...

Continue Reading
VIO Med Spa Honors Franchise Success at Annual Conference

Updated Category News Views 165

Celebrating Franchise Achievements at the VIO Med Spa Conference At the recent annual conference of VIO Med Spa, a leading name in the medical spa franchise industry, the company took the opportunity to recognize the exceptional achievements of its top franchisees. These individuals have played a crucial role in driving the brand's success and expanding entrepreneurial...

Continue Reading