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SeeWhy Has Been Acquired by SAP

FreshBooks is growing the cloud accounting software market by delivering a solution that is designed for the millions of small business owners that want to run their businesses without having to learn accounting. Given our focus on high-growth financial services technology, partnering with FreshBooks is a natural fit. We look forward to helping FreshBooks realize their vision of building the market-leading accounting solution built exclusively for small service-based business owners.

Ann Lamont

(Managing Partner at Oak Investment Partners

Transaction Notes

  • $30 million investment round led by Oak Investments Partners with participation from Atlas Venture and Georgian Partners
  • FreshBooks will use the proceeds to accelerate growth and build upon its extraordinary customer satisfaction ratings
  • Shea & Company served as the exclusive placement agent for the transaction
  • Investment Rationale
  • The funding was the first institutional investment round for FreshBooks
Read The Press Release