JPMorgan Chase invests in FreshBooks

JPMorgan Chase invests in FreshBooks

 FreshBooks has raised undisclosed amount from JPMorgan Chase & Co. (NYSE: JPM). A JPMorgan Chase representative will join FreshBooks’ board of directors.

JPMorgan Chase’s investment following FreshBooks’ US $30 million Series A funding round in July 2014, and a US $43 million Series B led by Georgina Partners in July 2017.

Founded by Mike McDerment and Joe Sawada, Toronto based FreshBooks is a leading small business accounting software with paying customers from 160 countries.

Source: Private Capital Journal

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