Previous investor Accomplice led the round in the Toronto-based cloud accounting software company, with participation from J.P. Morgan, Gaingels, Manulife and Barclays. BMO provided an additional US$50 million in debt financing. (The Logic)
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Previous investor Accomplice led the round in the Toronto-based cloud accounting software company, with participation from J.P. Morgan, Gaingels, Manulife and Barclays. BMO provided an additional US$50 million in debt financing. (The Logic)
Talking point: The company has raised nearly US$215 million since its inception in 2003 and has a valuation of US$1 billion, according to PitchBook data. The pandemic-spurred shift to at-home and freelance work has buoyed FreshBooks’ fortunes, according to CEO Don Epperson. The company says it has 500 employees and customers in more than 160 countries. FreshBooks is the latest in a string of made-in-Canada tech unicorns that includes Hopper, Trulioo, Clio, Dapper Labs, AbCellera and Tenstorrent.
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