Cloud accounting software firm, Freshbooks, has raised $80.75mn in its Series E funding round.
In Brief:
Freshbooks offers global accounting software for SMEs and self employed professionals.
Barclays, JPMorgan and Bank of Montreal took part in the round.
Freshbooks is now valued at over US$1bn.
What does this mean?
Since its foundation in Toronto in 2003, Freshbooks has grown to serve more than 30mn people in 160 countries. CEO Don Epperson said the funding was an “injection of confidence” in its aim to digitally enable small businesses.
