Accounting firm FreshBooks hits unicorn status, plans global growth after raising US$130-million

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Toronto’s FreshBooks has joined the ranks of Canada’s unicorns with a US$130 million funding round that the accounting and invoicing software startup plans to use to launch an acquisition-fuelled growth strategy.  The round involved US$80.75 million in equity financing and was led by Boston-based Accomplice, an existing investor that made its largest single investment in a startup to date, with previous investors Barclays, J.P. Morgan, Gaingels, Manulife and Bank of Montreal’s technology and innovation banking group also taking part. An additional US$50 million in debt financing was also provided by BMO.

Source Post: Financial Post (h/t Stefanie Marotta)