Karbon, Inc. Asset Profile

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Year established

2014

Location

San Francisco CA US

Primary Industry

Software

About

Based in California, US, and founded in 2014 by Australian entrepreneurs Stuart McLeod and John Freeman. Karbon, Inc. operates as a work management software company intended for accounting firms. The firm has offices in New Zealand, the UK, and Sydney, Australia. In August 2021, Karbon, Inc. raised USD 5 million in venture debt funding from CIBC Innovation Banking. Karbon. Inc. sells cloud-based software to small and mid-tier accountants to manage workflows, communicate, and deliver exceptional client work. Karbon combines email, discussions, tasks, and powerful workflows to keep everything you need to get work done. The company also provides services such as training, practice advisory, and consulting. The company generates revenue by charging monthly subscription fees which start at USD 49 for the team, USD 69 for the business, and custom pricing for the enterprise plans. Karbon, Inc. also charges service fees of USD 999 for Bulk Work Creation and Data Migration Package, USD 1999 for Process Package, and USD 2999 for Training Package. Karbon's 55 percent revenue came from US mid-tier accounting firms, but about half of its 20 staff are in a Sydney product development office and about 35 percent of revenue derives from Australia. Karbon, Inc. plans to use its venture debt funding to accelerate the development and enhancements of its product set and grow its team in the US, Canada, Australia, New Zealand, and the UK.

Current Investors

Blackbird, TIMIA Capital, Five Elms Capital

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Primary Industry

Software

Sub Industries

Web Applications, Systems Management Software, Customer Relationship Management, Conferencing Software, Application Integration Software, Analytics & Performance Software, Accounting/Finance Software

Website

www.karbonhq.com

Verticals

Cloud Computing, Mobile Apps

Company Stage

Series B

Total Amount Raised

Subscriber access only

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