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FRESHBOOKS RAISES $30M FROM VCS Featured

FreshBooksFreshBooks says it has raised $30 million in what it terms its first institutional venture capital round. And given Xero’s fundraising and plans for a IPO in the United States, it shows how eagerly investors are willing to bet on the low-end, online accounting marketing. You may remember that earlier this year, Paychex made an investment of undisclosed size in Kashoo. The funds raised by FreshBooks will be used to fuel growth, including the expansion of its work force from 150 to 400 by 2016. The round was led by Oak Investment Partners with participation from Atlas Venture and Georgian Partners.

The Toronto, Ontario-based company is currently hiring developers, product managers and marketing experts. FreshBooks is offering a $3,000 bonus (Canadian) for any referrals that are hired. Among the jobs being advertized is partner marketing manager, whose responsibilities include "working with external and internal partners to develop campaigns, and launching/monitoring multi-channel marketing programs." The person hired will also help launch and push partner apps. FreshBooks is also seeking a director of development and developers of both iOS and Android apps for its mobile effort

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