M&A Deal Summary

Bill.com Acquires Invoice2go

On July 19, 2021, Bill.com acquired software company Invoice2go for 625M USD

Acquisition Highlights
  • This is Bill.com’s 1st transaction in the Software sector.
  • This is Bill.com’s 2nd largest (disclosed) transaction.
  • This is Bill.com’s 2nd transaction in the United States.
  • This is Bill.com’s 1st transaction in California.

M&A Deal Summary
Date 2021-07-19
Target Invoice2go
Sector Software
Buyer(s) Bill.com
Deal Type Add-on Acquisition
Deal Value 625M USD

Target

Invoice2go

Palo Alto, California, United States
Invoice2go is a technology company that empowers freelancers and small businesses with straightforward tools that simplify their day-to-day workflow. The software enables users to grow their client base, manage invoicing and payments, maintain financial wellness, build their brand, and much more. Invoice2go was founded in 2002 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Bill.com

Palo Alto, California, United States
Category Company
Founded 2006
Sector Internet Software and Services
Employees2,521
Revenue 1.1B USD (2023)
DESCRIPTION

Bill.com is a provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. The company's AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. Bill.com was formed in 2006 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Divvy

Draper, Utah, United States

Divvy modernizes finance for business by combining expense management software and smart corporate cards into a single platform. With Divvy, finance leaders get real-time visibility into their company spend and flexible controls that prevent teams from ever going over budget. By providing the capital and financial software they need, Divvy helps businesses in every industry to thrive. Divvy is headquartered in Draper, Utah.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Finmark

Washington, District of Columbia, United States

Finmark is a financial planning software provider that simplifies financial planning and cash flow insights for SMBs. Finmark is based in Washington, District of Columbia.

Buy -
Mergr

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