What is FreeAgent?
Established in 2007 and headquartered in Edinburgh, Scotland, FreeAgent offers a cloud-based accounting solution specifically designed for freelancers and micro businesses. The platform aims to simplify financial management for its target audience, providing tools for invoicing, expense tracking, and tax preparation. Its focus on a niche market segment has allowed it to carve out a distinct presence in the competitive accounting software landscape.
How much funding has FreeAgent raised?
FreeAgent has raised a total of $9M across 2 funding rounds:
Series B
$4M
Debt
$5M
Series B (2011): $4M with participation from Torch Partners
Debt (2015): $5M led by Saas Capital
Key Investors in FreeAgent
Torch Partners
Torch Partners is an independent investment bank specializing in advising digital and technology businesses that drive global economic growth. Their expertise spans sectors such as Digital Infrastructure, Software, Data & Analytics, FinTech, and Digital Consumer.
Saas Capital
Saas Capital is an investment firm that provides capital to SaaS companies. Their focus is on supporting the growth and scaling of software-as-a-service businesses.
What's next for FreeAgent?
The recent major strategic investment suggests FreeAgent is poised for a new phase of growth, likely focusing on scaling its operations, enhancing its product offerings, and potentially expanding its market reach. This capital infusion will be critical in navigating the evolving demands of the freelance and small business economy, enabling FreeAgent to further solidify its competitive advantage and pursue new opportunities in the fintech sector.
See full FreeAgent company page
