FreeBalance

company

About

FreeBalance is the only public financial management solution built exclusively for government.

  • 251 - 500

Details

Last Funding Type
Series B
Last Funding Money Raised
$3M
Industries
Finance,Financial Services,Government,Software
Founded date
Jan 1, 1984
Number Of Employee
251 - 500
Operating Status
Active

The foundation of democracy is good governance, and this can only be accomplished with sound fiscal management. They build the only public financial management solution powered by and built exclusively for government with these principles in mind:

- Accountability
- Transparency
- Good governance

Customers are at the core of everything they do. So much so that they include them in their product development process. They don’t repurpose enterprise solutions, they build with government, for government.

They are more than a software company. They are a team of passionate, inspired people who build solutions to empower governments to do great things. They make a difference with their work.

Global citizenship isn’t just a corporate buzzword, they live it every day. Their activities in countries at various levels of development all over the world bring them face-to-face with real world opportunities to make the world a better place.

Working with governments is a special privilege that also carries with it a responsibility to uploading the highest standard of ethics. FreeBalance adheres to the most stringent code conduct that informs everything they do.

Although they’re proudly Canadian, they’re citizens of the world. They don’t just sell to countries around the globe, they hire locally, develop strong regional ties and become part of their new communities.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$3M
FreeBalance has raised a total of $3M in funding over 2 rounds. Their latest funding was raised on Dec 3, 2002 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 3, 2002 Series B $3M 2 Societe Innovatech du Grand Montreal Detail

Investors

Number of Lead Investors
Number of Investors
1
2
FreeBalance is funded by 2 investors. Societe Innovatech du Grand Montreal and TechnoCap are the most recent investors.
Investor Name Lead Investor Funding Round
Societe Innovatech du Grand Montreal Yes Series B
TechnoCap Series B