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Karbon - About the company

Karbon is a series B company based in Sydney (Australia), founded in 2014 by Ian Vacin and John Freeman. It operates as a Provider of practice management software solutions for accounting firms. Karbon has raised $99.8M in funding from investors like DFJ, Blackbird Ventures and Five Elms Capital. The company has 24 active competitors, including 2 funded and 4 that have exited. Its top competitors include companies like Invoice2go, MyWorkpapers and HubOne.

Company Details

Provider of practice management software solutions for accounting firms. The software aims to boost productivity, strengthen client relationships, and drive profit. It offers features such as workflow automation, project management, and team collaboration. The platform also provides client management, document management, and billing and payment tools.
Social
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Email ID
*****@karbonhq.com
Key Metrics
Founded Year
2014
Location
Sydney, Australia
Stage
Series B
Total Funding
$99.8M in 9 rounds
Latest Funding Round
Investors
Ranked
Employee Count
416 as on Apr 30, 2026
Investment & Acquisitions
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Karbon's funding and investors

Karbon has raised a total funding of $99.8M over 9 rounds. Its first funding round was on Oct 2014. Karbon has 8 institutional investors.

Here is the list of recent funding rounds of Karbon:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 18, 2023
8778937
Series B
6994951
2019908
2086382
4204725
Feb 08, 2022
6485436
Series B
5160761
8386114
1114172
4131651
Aug 05, 2021
7170626
Conventional Debt
3831493
2987279
5902433
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Karbon's founders and board of directors

Founder? Claim Profile
The founders of Karbon are Ian Vacin and John Freeman.
Here are the details of Karbon's key team members:
  • Ian Vacin: Chief Partnerships Officer and Co-founder of Karbon.
  • John Freeman: CTO & Co-Founder of Karbon.

Karbon's employee count trend

Karbon has 416 employees as of Apr 26. Here is Karbon's employee count trend over the years:
Employee count trend for Karbon
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Karbon's Competitors and alternates

Top competitors of Karbon include Invoice2go, MyWorkpapers and HubOne. Here is the list of Top 10 competitors of Karbon, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Karbon
Karbon
2014, Sydney (Australia), Series B
Provider of practice management software solutions for accounting firms
$99.8M
64/100
2nd
Logo for Invoice2go
Invoice2go
2002, Palo Alto (United States), Acquired
Provider of invoicing, payment, project management, and reporting software
$60M
50/100
3rd
Logo for MyWorkpapers
MyWorkpapers
2009, Newport Pagnell (United Kingdom), Acquired
Provider of cloud-based working paper software for accounting and auditing firms
$4.44M
36/100
4th
Logo for HubOne
HubOne
2008, Robina (Australia), Acquired
Document management software for accountants
-
-
31/100
5th
Logo for APS
APS
1987, Sydney (Australia), Acquired
Practice management software for accountants
-
-
31/100
6th
Logo for FuseWorks
FuseWorks
2017, Brisbane (Australia), Unfunded
Practice management tools for accounting firms
-
-
31/100
7th
Logo for Refund Manager
Refund Manager
2015, Fitzroy (Australia), Unfunded
Cloud-based refund management solutions for accountants
-
-
30/100
8th
Logo for bulut4
bulut4
2015, Konak (Turkey), Deadpooled
Cloud-based business management tool for e-tailers
-
-
28/100
9th
Logo for FeeSynergy
FeeSynergy
2007, Camberwell (Australia), Unfunded
Debtor management software
-
-
27/100
10th
Logo for LodgeIT
LodgeIT
2014, Perth (Australia), Unfunded
Tax return software for accountants and bookkeepers
-
-
27/100
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Karbon's Investments and acquisitions

Karbon has acquired Aider. Karbon has not made any investments as of now.

Reports related to Karbon

Here is the latest report on Karbon's sector:

News related to Karbon

lockFilter this list
Media has covered Karbon for a total of 11 events in the last 1 year, 3 of them have been about company updates and 3 about partnerships.
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