REDWOOD CITY, Calif., Sept 11, 2018 — Invoice2go announces it has closed a $10 million equity round led by OCV Partners, with additional participation from existing investors Accel and Ribbit Capital. Hemi Zucker of OCV Partners joins the Invoice2go Board of Directors. Previously, as co-founder and CEO of j2 Global (JCOM), Zucker grew the organization into a global platform servicing 50+ markets. The new investment brings the total equity raised by Invoice2go to $60 million. The new funding fuels Invoice2go’s product innovation and rapidly growing offering for small businesses.
Invoice2go, the mobile invoicing app that gives small business owners and contractors control over their time and business, helps more than 250,000 customers around the globe send $24 billion in invoicing every year.
“Offering our customers a straightforward way to manage their business has fueled our mission from the beginning,” said Greg Waldorf, CEO of Invoice2go. “It’s this relentless dedication and unique approach to solving the challenges shared by small business all over the world that continues to attract not only investment, but momentum with the community we serve.”
Invoice2go will use the funding to accelerate its mission, and serve even more business owners with intuitive new ways to win jobs, track estimates and payments, and enable their customers to pay any way.
The company continues to significantly evolve the Invoice2go offering, releasing powerful, yet simple-to-use features that help business owners not only better manage their business, but also win more jobs, and grow as a result. The latest features released include Time Tracking, a seamless way to capture and bill for time, Appointments, a way to create and manage appointments on the go, and the ability to collect up front deposits.
“By understanding the true needs of their customers, Invoice2go has been able to build a powerful product that’s given more than 250,000 business owners the right mobile tools to stay on top of their business, and the confidence they are operating in the most professional, efficient way possible. We’re excited to join them on their mission to help even more people around the world not only manage, but meaningfully grow their business,” said Hemi Zucker, Managing Principal of OCV Partners.
Invoice2go is the mobile invoicing app that gives small businesses control over their time and business. Invoice2go gives its customers straightforward tools to track jobs, stay on top of payment status, and offer their clients the ability to pay any way so they can get the job done. The company was started by a small business owner who came from a family of tradespeople and wanted to help them streamline invoicing and getting paid. Today, Invoice2go’s popularity has spread around the globe, with more than 250,000 small business owners in 160+ countries using the app to send $24 billion in invoicing every year. For more information, visit invoice.2go.com.
To create a free account, go to https://invoice.2go.com, or download the app from Google Play, or the Apple App Store.
About OCV Management LLC
OCV Management, LLC is a Los Angeles based investment firm co-founded by Richard Ressler and Mark Yung in 2016. The firm leverages an investment strategy deployed successfully since 1993 and a team of seasoned professionals who have worked together for an average of 19 years. OCV invests in companies with differentiated technologies and compelling target markets, with the overriding objective of creating sustainable long-term value. As partners, OCV provides operational and financial expertise through its experienced principals, who have proven success as entrepreneurs, business leaders and investors across a variety of sectors including technology, healthcare, industrials, real estate and finance. OCV invests across all stages of a company’s growth cycle, and finds creative investment solutions to fit a company’s needs. For more information, visit www.ocvpartners.com.
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