When was Beanworks founded?

Beanworks was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Beanworks located?

Beanworks is headquartered in Vancouver, Canada.

Who is the current CEO of Beanworks?

Catherine Dahl of Beanworks. They are also an angel investors in 1 startup.

How many employees does Beanworks have?

As of Jul 01, 2024, the latest employee count at Beanworks is 128.

Is Beanworks a funded company?

Beanworks is a funded company, having raised a total of $14.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 15, 2013.

When was the latest funding round of Beanworks?

Beanworks' latest funding was a $***** Series B round on Sep 19, 2018, with participation from 2 investors.

Where does Beanworks rank among its competitors?

Beanworks ranks 32nd amongst 358 active competitors, of which 44 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was PredictAP, which secured $5M in Sep, 2025.

Who are the top competitors of Beanworks?

Beanworks' top competitors include AvidXchange, Konfío and RapidClaims. Among them, PredictAP secured the most recent funding round in September, 2025.

Beanworks - 2026 Company Profile, Team, Funding & Competitors

Q: Is Beanworks an acquired company?

Beanworks got acquired by Quadient on Mar 22, 2021.

Beanworks is an acquired company based in Vancouver (Canada), founded in 2012 by Catherine Dahl, Cory Cleaver, Reza Sanaie and Tracy Thompson. It operates as an Accounts Payable automation software provider. Beanworks has raised $14.8M in funding from FINTOP. The company has 358 active competitors, including 44 funded and 24 that have exited. Its top competitors include companies like AvidXchange, Konfío and RapidClaims.

Company Details

Beanworks is a cloud-based AP automation solution provider with multiple features like invoice data entry service and payment options via virtual credit card or EFT/ACH, payment due to reminders, purchase order matching, invoice visibility, invoice routing, and custom report services, as well as handles various companies. It can be integrated with QuickBooks, Sage, NetSuite, and RentManager. It automatically routes and notifies the right approvers in an organization once the invoice has been coded. It offers a subscription-based pricing model. TicketMaster and Triphase are part of its clientele.

Website: beanworks.com
Social
Email ID: *****@beanworks.com
Phone Number: +1 **********

Key Metrics

Founded Year

2012

Location

Vancouver, Canada

Stage

Acquired

Total Funding

$14.8M in 3 rounds

Latest Funding Round

Series B, Sep 19, 2018, $*****

Investors

FINTOP & 11 more

Ranked

32^nd among 358 active competitors

Employee Count

128 as on Jul 01, 2024

Similar Companies

AvidXchange & 438 more

Exit Details

Acquired by Quadient (Mar 22, 2021)

View Beanworks' full profile

Beanworks got acquired by Quadient on Mar 22, 2021 at an acquisition amount of $83.1M. It was facilitated by SRS Acquiom.

Click here to take a look at Beanworks's acquisition in detail

Beanworks has raised a total funding of $14.8M over 3 rounds. Its first funding round was on Jul 15, 2013. Its latest funding round was a Series B round on Sep 19, 2018 for $*****. 2 investors participated in its latest round. Beanworks has 12 institutional investors.

Here is the list of recent funding rounds of Beanworks:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 19, 2018	4427152	Series B	3039514	6823883	7476013	3426243
Jun 02, 2017	4459065	Series A	6785370	4470501	3411633	Timia Capital & 1 more
Jul 15, 2013	4435299	Seed	7404369	4445297	7831027	BDC

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View details of Beanworks's funding rounds and investors

The founders of Beanworks are Catherine Dahl, Cory Cleaver, Reza Sanaie and Tracy Thompson.

Here are the details of Beanworks' key team members:

Catherine Dahl: Co-Founder & Co-CEO of Beanworks. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Cory Cleaver: Co-Founder of Beanworks.
Contact Info: 1 email address
Reza Sanaie: Co-Founder & CIO of Beanworks.
Tracy Thompson: Former Co-Founder of Beanworks.
Contact Info: 1 email address

View details of Beanworks's Founder profiles and Board Members

Beanworks' employee count trend

Beanworks has 128 employees as of Jul 24. Here is Beanworks's employee count trend over the years:

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Top competitors of Beanworks include AvidXchange, Konfío and RapidClaims. Here is the list of Top 10 competitors of Beanworks, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AvidXchange 2000, Charlotte (United States), Acquired	Accounts payable and payment automation solution for businesses	$1.18B	Sixth Street, Mastercard & 28 others	73/100
2nd	Konfío 2014, Miguel Hidalgo (Mexico), Series E	Financial solutions platform provider	$378M	Vostok Emerging Finance, IFC & 22 others	67/100
3rd	RapidClaims 2023, Manhattan (United States), Series A	Provider of AI-powered platform for revenue cycle management and intelligence	$11.1M	Accel, Together & 11 others	66/100
4th	RoadSync 2015, Atlanta (United States), Series B	Accounts receivable solutions for businesses	$40M	Tiger Global Management, Base10 Partners ... & 13 others	66/100
5th	LayerX 2018, Chuo City (Japan), Series B	Provider of AI, SaaS, and Fintech digital solutions and services	$192M	JAFCO Group, TCV & 21 others	63/100
6th	Nook 2015, London (United Kingdom), Acquired	Provider of accounts payable automation platform integrated with payment infrastructure	$1.1M	Speedinvest, Triple Point & 15 others	61/100
7th	PayGround 2010, Gilbert (United States), Series A	Cloud-based invoice payments solutions to businesses	$29.3M	Triventures, SixThirty & 7 others	61/100
8th	Anomaly 2020, New York City (United States), Series B	AI-based healthcare billing and payment solution for employers and payers	$30.1M	RRE Ventures, Link Ventures & 4 others	60/100
9th	Yokoy 2019, Zurich (Switzerland), Acquired	AI-based finance and accounting management platform	$108M	Sequoia Capital, Left Lane & 11 others	59/100
10th	PredictAP 2019, Newton (United States), Series A	AI-based back-office solutions for real estate funds & property managers	$26.2M	RET Ventures, Breton Capital Ventures & 1 others	59/100
32nd	Beanworks 2012, Vancouver (Canada), Acquired	Accounts Payable automation software provider	$14.8M	BDC Capital, Conconi Growth Partners & 10 others	43/100