Freshbooks logo
Founded 2004

Freshbooks

2018 Revenue

$55.0M

YOY

Funding

$75.0M

Overview

About Freshbooks

The best cloud based small business accounting software. Send invoices, track time, manage receipts, expenses, and accept credit cards. Free 30-day trial.

Monthly Revenue

$4.6M

Total Expenses

$4.6M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

1655 Dupont Street TorontoOntarioCanada

Freshbooks Revenue vs Funding

$Funding$Revenue

Revenue

In 2018, Freshbooks revenue run rate hit $55.0M in revenue.

$55.0M

Funding History

Freshbooks has raised a total of $75.0M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation

Customers

Freshbooks has 305K customers.

Lifetime Months

×
Monthly ARPU

$15.0

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$180.0

$0$180.0024681012

Churn

Freshbooks has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

Freshbooks has 429 employees. They have 63 sales reps that carry a quota They have an engineering team of 103. and a marketing team of 32.

20182019202015.00%▲18.00%▲
DistributionQty

Total Team Size

429

Engineers

103 (24%)

Sales

63 (15%)

Marketing

32 (7%)

CEO/Founder

Mike McDerment


CEO Q&A

What's your age?

41

Favorite online tool?

Outlook

Favorite book?

Multipliers

Favorite CEO?

Shane Holdaway

Advice for 20 year old self

Wish I learned faster that I love to design


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Frequently Asked Questions about Freshbooks

When was Freshbooks founded?

Freshbooks was founded in 2004.


Who is the CEO of Freshbooks?

The CEO of Freshbooks is Mike McDerment


How many employees does Freshbooks have?

Freshbooks has 429 employees.

How much revenue does Freshbooks generate?

Freshbooks generates $55.0M in revenue.


How much funding does Freshbooks have?

Freshbooks has raised $75.0M.


Where is Freshbooks headquarters?

Freshbooks is headquartered at 1655 Dupont Street TorontoOntarioCanada

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