FreshBooks raises capital

Mike McDerment

Today we’re excited to announce that FreshBooks has raised $30-Million USD in our first institutional investment round.  This capital is going to help us hire more FreshBookers so we can build more award winning product faster, and execute extraordinary experiences every day for more small business owners.

If you’d like to learn more about this fundraising and our thought process around it, please read FreshBooks Founder and CEO Mike McDerment’s open letter to customers.

Share this article
Share on FacebookTweet about this on TwitterShare on LinkedIn
  • writeahead

    That’s seriously impressive! Your product has come a long way…and I’ve recommended it to so many of my clients. Congrats!

  • LiveCA

    Awesome! Very cool to see what FB has in store for the year ahead…

  • Sean Kennedy

    Very cool. Congrats guys and looking forward to seeing what you have in store. :)

  • Keep.


  • Seb Szocinski

    Congrats, now get Australian bank reconciliation happening so I don’t have to switch to Xero!!!

  • Adam Csorghe

    Congrats guys, really great news!!

  • Iain Taylor

    Great work guys – we love Freshbooks – it transformed the way we work. Always recommend it to others. Lets see what features you decide to work on next :)

  • Jared

    That’s great. Hopefully it means development of new features will speed up and things will be modernized.

    For example having a giant select for my client list sucks. Give me select2 or similar.

  • michael blan