On August 10, 2021, FreshBooks announced a US$130 million Series E financing led by Accomplice with participation from JPMorgan Chase, Gaingels, BMO and Manulife. The financing will support FreshBooks’ efforts to expand its international presence. This funding allowed the Canadian tech company to surpass a $1 billion valuation, achieving “unicorn” status; a private company with a valuation of over US $1 billion.
Accomplice is a seed-led venture capital firm that invests in technology startup companies.
JPMorgan Chase is a leading global financial services firm and one of the largest banking institutions in the United States.
FreshBooks is a Toronto-based accounting software platform for small businesses and self-employed professionals, with customers in 160 countries. The company differentiates itself by building easy-to-use accounting software with a non-accountant user in mind.
Osler, Hoskin & Harcourt LLP advised Accomplice and JPMorgan Chase with a team consisting of Andre Perey, David Jamieson, Jeremy Lin and Kosta Starostin (Emerging and High Growth Companies) and Kelly Moffatt and Sydney Young (Intellectual Property).