Company profile

FreshBooks

FreshBooks has raised $154 million across Series A, Series B, Series E, and multiple debt financing rounds. Key milestones include a $80.7M Series E round in August 2021, which valued the company at $1 billion, followed by significant debt rounds led by Morgan Stanley, BMO, and JPMorgan to strengthen liquidity and support long-term growth. FreshBooks’ funding strategy reflects a shift toward capital-efficient expansion while maintaining strong positioning in the SMB accounting software market.

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Quick facts

Total funding: $154 million

Notable investors

Morgan Stanley
BMO
JPMorgan to strengthen liquidity

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