FreshBooks
FreshBooks provides cloud-based accounting software for small businesses and accountants, with tools for invoicing, expense tracking, and payments.
Secondary Market Price
How FreshBooks Measures Up
To help you manage your FreshBooks equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
TBD
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future FreshBooks Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for FreshBooks's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
FreshBooks, also known as 2ndsite, provides cloud-based accounting software designed for small business owners, freelancers, and accountants. The company's platform operates on a software-as-a-service model, offering features that include invoicing, payment processing, expense and time tracking, project management, and financial reporting. It serves customers in more than 160 countries and, as of January 2024, had 30 million users and had processed $60 billion in paid invoices. Founded in 2003 in Toronto, Canada, FreshBooks has expanded to include offices in the United States, Croatia, Mexico, and the Netherlands.
Recent developments indicate a focus on expanding the platform's capabilities through new features and strategic partnerships. The company introduced a "self-driving bookkeeping" service for U.S. businesses in collaboration with Kick to automate transaction sorting. It also integrated a Buy Now, Pay Later (BNPL) option through a partnership with Affirm and launched the FreshBooks Advisor Directory to connect its users with certified accounting professionals. The company's last funding round resulted in a valuation of $1 billion, and it secured an additional $125 million in a debt financing round in April 2025.
- Accomplice
- Georgian Partners
- Oak Investment Partners
- J.P. Morgan
- BMO
- Manulife
- Barclays
- Morgan Stanley Expansion Capital
- Morgan Stanley Private Credit
- Co-Founder, Mike McDerment
- Co-Founder, Levi Cooperman
- Co-Founder, Joe Sawada
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is FreshBooks worth joining?
Evaluating an offer from a private company like FreshBooks requires a close look at the equity package alongside the salary and benefits. Platforms like Prospect can help you model the potential future value of your equity compensation to make a more informed career decision.
What should I do with my FreshBooks stock?
The right strategy for your FreshBooks stock depends on your personal financial goals, risk tolerance, and tax situation. Tools like Prospect can help you build a customized plan for exercising options or selling shares to maximize your after-tax returns.
Can you sell FreshBooks stock?
Yes, it is often possible to sell stock in a private company like FreshBooks through company-approved tender offers or on secondary markets. Prospect's tools can help you identify tax-optimal shares to sell and navigate these liquidity events.
How can I find the value of my FreshBooks stock?
Determining the value of private stock like FreshBooks' involves looking at its 409A valuation, recent funding rounds, and prices on secondary markets. To get a more comprehensive picture, Prospect uses predictive models to forecast a range of potential future values for your shares.
What is FreshBooks's equity worth?
The precise worth of private equity like that from FreshBooks fluctuates and depends on factors like company performance and market conditions. You can use a platform like Prospect to upload your equity details and receive data-driven projections on its potential value.
What is FreshBooks's stock ticker symbol?
As a privately held company, FreshBooks does not have a stock ticker symbol. Ticker symbols are only assigned to companies that are publicly traded on a stock exchange.
Can I buy or sell FreshBooks stock?
For employees, "buying" stock usually means exercising your stock options, while selling can occur during liquidity events like tender offers. While direct investment is typically restricted to accredited investors, platforms like Prospect help existing shareholders create strategies for exercising and selling their shares.
What is the criteria to buy or invest in FreshBooks stock?
Investing in a private company like FreshBooks is typically limited to employees receiving equity compensation or accredited investors participating in private funding rounds. General access for the public to buy shares is not available until a company undergoes an Initial Public Offering (IPO).
