On June 1, 2017, Beanworks announced the closing of its $4.5 million Series A funding, led by Vancouver Founder Fund and TIMIA Capital. Revolutionizing the way companies manage their accounts payable workflows and pay their vendors, Beanworks’ customizable FinTech platform empowers accounting teams to succeed by automating redundant tasks and allowing financial professionals to focus on what matters most.
Beanworks, headquartered in Vancouver, British Columbia, is an accounting automation company whose innovative platform connects mid-sized enterprises from invoice to payment.
TIMIA Capital Corporation, headquartered in Vancouver, British Columbia, is a specialty finance company that provides revenue financing to technology companies in exchange for a royalty stream on revenue.
Vancouver Founder Fund (VFF) headquartered in Vancouver, British Columbia, is a contrarian early stage venture capital fund that focuses on technology companies in the Pacific Northwest.
Osler, Hoskin & Harcourt LLP represented Beanworks with a team consisting of Justin Young, Laura Webb (Corporate) and Martha Martindale (Financial Services).