On August 7, 2019, FreshBooks announced JPMorgan Chase & Co. has made a strategic investment in the company. The investment from JPMorgan Chase follows two previous institutional funding rounds for FreshBooks, including a US$30 million Series A funding round in July 2014, and a US$43 million Series B funding round in July 2017. As a part of the investment, a JPMorgan Chase representative will be joining FreshBooks’ board of directors.
JPMorgan Chase & Co. 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 and delivering best-in-class customer service.
Osler, Hoskin & Harcourt LLP advised JPMorgan Chase & Co. with a team consisting of André Perey, Michael Grantmyre, Jeremy Lin (Emerging and High Growth Companies) and Shari Cohen (Employment & Labour).