Beanworks Overview
- Year Founded
-
2012

- Status
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Acquired/Merged
- Employees
-
90

- Latest Deal Type
-
M&A
- Latest Deal Amount
-
$90.7M
Beanworks General Information
Description
Developer of a cloud-based accounts payable automation software designed to automate accounting workflow. The company's software monitors and processes payables for all the legal entities within one central system and secures access and control of every invoice in real-time, enabling businesses to eliminate the use of paper by automating the process of data entry and invoice management.
Contact Information
Website
www.beanworks.comCorporate Office
- 1159 Hamilton Street
- Suite 300
- Vancouver, British Columbia V6B 5P6
- Canada
Corporate Office
- 1159 Hamilton Street
- Suite 300
- Vancouver, British Columbia V6B 5P6
- Canada
Beanworks Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
9. Merger/Acquisition | 01-Mar-2021 | $90.7M | Completed | Generating Revenue | ||
8. Secondary Transaction - Private | Completed | Generating Revenue | ||||
7. Later Stage VC (Series B) | 10-Sep-2018 | Completed | Generating Revenue | |||
6. Later Stage VC | 08-Jun-2018 | Completed | Generating Revenue | |||
5. Debt - General | 01-May-2017 | Completed | Generating Revenue | |||
4. Later Stage VC (Series A) | 10-Apr-2017 | Completed | Generating Revenue | |||
3. Early Stage VC | 01-Jun-2015 | Completed | Generating Revenue | |||
2. Accelerator/Incubator | 01-Mar-2014 | $488K | Completed | Generating Revenue | ||
1. Seed Round | 22-Mar-2013 | $488K | $488K | Completed | Generating Revenue |
Beanworks Comparisons
Industry
Financing
Details
Beanworks Competitors (38)
One of Beanworks’s 38 competitors is FreshBooks, a Venture Capital-Backed company based in Toronto, Canada.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
FreshBooks | Venture Capital-Backed | Toronto, Canada | ||||
Medius | Private Equity-Backed | Linköping, Sweden | ||||
Stampli | Venture Capital-Backed | Mountain View, CA | ||||
MineralTree | Formerly VC-backed | Boston, MA | ||||
Versapay | Private Equity-Backed | Miami, FL |
Beanworks Signals
Beanworks Former Investors (13)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
BDC Capital | Growth/Expansion | Minority | ||
Blackbox (Palo Alto) | Accelerator/Incubator | Minority | ||
Canrock Ventures | Venture Capital | Minority | ||
Communitech | Accelerator/Incubator | Minority | ||
Conconi Growth Partners | Family Office | Minority |
Beanworks FAQs
-
When was Beanworks founded?
Beanworks was founded in 2012.
-
Where is Beanworks headquartered?
Beanworks is headquartered in Vancouver, Canada.
-
What is the size of Beanworks?
Beanworks has 90 total employees.
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What industry is Beanworks in?
Beanworks’s primary industry is Accounting, Audit and Tax Services (B2B).
-
Is Beanworks a private or public company?
Beanworks is a Private company.
-
What is the current valuation of Beanworks?
The current valuation of Beanworks is
. -
What is Beanworks’s current revenue?
The current revenue for Beanworks is
. -
How much funding has Beanworks raised over time?
Beanworks has raised $20.5M.
-
Who are Beanworks’s investors?
BDC Capital, Blackbox (Palo Alto), Canrock Ventures, Communitech, and Conconi Growth Partners are 5 of 13 investors who have invested in Beanworks.
-
Who are Beanworks’s competitors?
FreshBooks, Medius, Stampli, MineralTree, and Versapay are some of the 38 competitors of Beanworks.
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When was Beanworks acquired?
Beanworks was acquired on 01-Mar-2021.
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Who acquired Beanworks?
Beanworks was acquired by Quadient.
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