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