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.
- Website
- karbonhq.com
- 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
Ranked
1st among 24 active competitors
Employee Count
416 as on Apr 30, 2026
Investment & Acquisitions
Legal entities associated with Karbon
Karbon is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
KARBON AUSTRALIA PTY LTD CIN: 601711344 , Australia, Active | Sep 08, 2014 | - | - | - |
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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:
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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 |
View details of Karbon's funding rounds and investors
Karbon's founders and board of directors
Founder? Claim ProfileThe 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.
View details of Karbon's Founder profiles and Board Members
Karbon's employee count trend
Karbon has 416 employees as of Apr 26. Here is Karbon's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of practice management software solutions for accounting firms | $99.8M | 64/100 | ||
2nd | Invoice2go 2002, Palo Alto (United States), Acquired | Provider of invoicing, payment, project management, and reporting software | $60M | 50/100 | |
3rd | MyWorkpapers 2009, Newport Pagnell (United Kingdom), Acquired | Provider of cloud-based working paper software for accounting and auditing firms | $4.44M | 36/100 | |
4th | Document management software for accountants | - | - | 31/100 | |
5th | Practice management software for accountants | - | - | 31/100 | |
6th | Practice management tools for accounting firms | - | - | 31/100 | |
7th | Refund Manager 2015, Fitzroy (Australia), Unfunded | Cloud-based refund management solutions for accountants | - | - | 30/100 |
8th | Cloud-based business management tool for e-tailers | - | - | 28/100 | |
9th | FeeSynergy 2007, Camberwell (Australia), Unfunded | Debtor management software | - | - | 27/100 |
10th | Tax return software for accountants and bookkeepers | - | - | 27/100 |
Looking for more details on Karbon's competitors? Click here to see the top ones
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
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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Karbon and Gusto Partner to Streamline Payroll for Accounting FirmsGlobeNewswire•Apr 29, 2026•Karbon, Gusto
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FuseSign integrates with Karbon to streamline e-signing for accounting firmsAustralian FinTech•Apr 22, 2026•FuseSign, Karbon
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Karbon Capital Partners Corp. Announces Closing of $345 Million Initial Public OfferingPR Newswire•Dec 13, 2025•Karbon
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Karbon Capital Partners Corp. Announces Pricing of $300 Million Initial Public OfferingPR Newswire•Dec 11, 2025•Karbon
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Karbon Appoints Brooke Brockman as CMO to Lead AI Innovation for Accounting FirmsBenzinga•Nov 11, 2025•Karbon
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Karbon Acquires Aider for AI-Powered Accounting & BookkeepingGlobal Fintech Series•Sep 30, 2025•aider, Karbon
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