Beanworks Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 90

Employees

  • 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.com
Formerly Known As
BeanEvo
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 1159 Hamilton Street
  • Suite 300
  • Vancouver, British Columbia V6B 5P6
  • Canada
Primary Industry
Accounting, Audit and Tax Services (B2B)
Other Industries
Automation/Workflow Software
Financial Software
Acquirer
Quadient
Vertical(s)
SaaS, TMT, FinTech, B2B Payments
Corporate Office
  • 1159 Hamilton Street
  • Suite 300
  • Vancouver, British Columbia V6B 5P6
  • Canada

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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
To view Beanworks’s complete valuation and funding history, request access »

Beanworks Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a cloud-based accounts payable automation software designed to automate accounting workflow. The company's
Accounting, Audit and Tax Services (B2B)
Vancouver, Canada
90 As of 2021

Toronto, Canada
 

Linköping, Sweden
 
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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
You’re viewing 5 of 38 competitors. Get the full list »

Beanworks Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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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
You’re viewing 5 of 13 investors. Get the full list »

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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.

  • 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.

  • When was Beanworks acquired?

    Beanworks was acquired on 01-Mar-2021.

  • Who acquired Beanworks?

    Beanworks was acquired by Quadient.

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