Freshbooksrevenue, valuation & funding
Other Collaboration SoftwareToronto, Ontario, CanadaFounded 2003CEO Mike Mcderment
FreshBooks is a cloud-based accounting software that provides businesses with tools for managing invoicing, expenses, and other financial tasks.
Freshbooks revenue
Freshbooks' annual revenue was $55M in June 2018 (source not recorded), the most recent figure on record.
| As of | Revenue | Source |
|---|---|---|
| Jun 2018 | $55M | – |
– source not recorded
Freshbooks valuation
Freshbooks is privately held, so there is no Freshbooks stock to buy. Investors valued it at $1B in its August 2021 Series E.
Freshbooks funding rounds & investors
Freshbooks has raised $207.1M across three rounds since 2014. The latest was a $130M Series E in August 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Aug 2021 | Series E | $130M | $1.1B |
| Jul 2017 | Series B | $47.1M | – |
| Jul 2014 | Series A | $30M | – |
| Total raised | $207.1M |
Freshbooks competitors
Freshbooks competes most directly with Sage, Xero, Zoho, Harvest and 3 others.
Sage
Xero
Zoho
Harvest
HoneyBook
Kashoo
ZipBooksFreshbooks CEO, founders & employees
Mike Mcderment founded Freshbooks in 2003 and runs it as CEO. Freshbooks has 406 employees (November 2025, LinkedIn), down from 488 a year earlier.
- Mike McdermentFounder & CEO
BoardDon Epperson, Simon Chong, Annie Lamont, Pat Condon
InvestorsJeff Fagnan
All 13 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Nov 2025 | 406 | |
| Dec 2024 | 488 | |
| Oct 2024 | 664 | |
| Sep 2023 | 664 | – |
| Jul 2023 | 702 | – |
| 2023 | 717 | – |
| 2022 | 684 | – |
| Aug 2021 | 527 | – |
| Dec 2020 | 429 | – |
| Dec 2019 | 346 | – |
| Aug 2019 | 410 | – |
| 2019 | 270 | – |
| Jun 2018 | 300 | – |
Freshbooks FAQ
What is Freshbooks' revenue?
Freshbooks' annual revenue was $55M in June 2018 (source not recorded). No later figure is on record.
What is Freshbooks' valuation?
Investors valued Freshbooks at $1B in its August 2021 Series E.
How much funding has Freshbooks raised?
Freshbooks has raised $207.1M across three funding rounds. The latest was a $130M Series E in August 2021.
Is Freshbooks publicly traded?
No. Freshbooks is a private company, so its shares aren't traded on a stock exchange.
How many employees does Freshbooks have?
Freshbooks has 406 employees as of November 2025, according to LinkedIn.
Who is the CEO of Freshbooks?
Mike Mcderment is the CEO of Freshbooks and founded the company in 2003.
Who founded Freshbooks?
Mike Mcderment founded Freshbooks in 2003.
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How this page is sourced
3 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 28, 2026Data disclaimerReport a correctionClaim this profileRun Freshbooks? Join the podcast