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FreshBooks

Fintech · Toronto, CA

Cloud accounting and invoicing software for SMBs

Founders

Mike McDerment (Canada · ♂) — Running a small Toronto design agency, he accidentally overwrote an invoice in Word, realized there had to be a better way, coded a solution and bootstrapped it from his parents' basement into FreshBooks.
Levi Cooperman (Canada · ♂) — A professional engineer who managed integration projects before co-founding FreshBooks in Toronto, leading operations as VP of Operations for the cloud accounting startup.
Joe Sawada (Canada · ♂) — A technically-minded engineer who co-founded FreshBooks in Toronto and served as CTO, driving the early development of the cloud invoicing and accounting software.

Date	Round	Amount
Aug 2021	Series D Plus FreshBooks, a Toronto SMB cloud-accounting company, raised an $80.75M Series E led by Accomplice at a $1B+ valuation, plus $50M in debt.	$80.8M
Aug 2021	Debt FreshBooks secured $50M in debt financing alongside its $80.75M Series E.	$50M

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FreshBooks has acquired Fastbill.

Data is community-curated and may be incomplete.