Karbon
San Francisco, US · Founded 2014 · Delaware corporation · 444 employees on LinkedIn · 13 known investors
Find your way into Karbon
813 people in our graph share verified history with the Karbon team — schools, employers, funds. One of them is your warm intro.
Naomi Pilosof Ionitaunlockedknows Ian Vacin · together at Northwestern University (overlapped)
×2knows the team · via Northwestern University - Kellogg School of Management
×2knows the team · via BEA Systems
knows the team · via Northwestern University
knows the team · via Intuit®
×2knows the team · via Xero
Karbon provides accounting practice management software for accounting firms, offering tools for team collaboration, workflow and task automation, client management, and email. It includes an AI assistant ("Kai") that draws on a firm's data to handle tasks and answer questions.
Founders & leadership
Karbon was founded in 2014 by Stuart McLeod, John Freeman, and Ian Vacin.
SM
Stuart McLeodinCEO & Co-Founder2014–2023Stuart McLeod founded Karbon in 2014, a practice management platform for accounting firms, after co-founding Paycycle, an online payroll solution acquired by Xero, where he led integration efforts. He brings over 15 years of experience across software development, sales, support, and product management in accounting technology.
JF
John FreemaninCTO & Co-FounderHe brings nearly two decades of software development experience, including prior work on payroll systems for Australia and the United States, and expertise in enterprise systems architecture, full-stack development, and database design.
IV
Ian VacininChief Partnerships Officer and Co-founderHe previously held leadership roles at Xero and Intuit, bringing nearly 30 years of technology experience and 20 years in the accounting sector, and holds an MBA from Northwestern's Kellogg School of Management, a Master's in Engineering Management from Northwestern, and a BS in Industrial Engineering & Operations Research from UC Berkeley.
Board
JO
Investors · 13
Blackbird VenturesSydney · $149K – $60M
Five Elms CapitalKansas City · $15M – $150M
TidemarkMenlo Park
TIMIA CapitalToronto · $500K – $10M
Toba CapitalIrvine · $1M – $10M
2am VCreportedBengaluru
HarmonyreportedPalo Alto
Olive Tree Capitalreported · 2 sourcesBoston
Orios Venture PartnersreportedMumbai · $622K – $32M
Rainfall VenturesreportedSan Francisco · $100K – $1M
RampreportedNew York
Roka Worksreported
Y Combinatorreported · 2 sourcesSan Francisco · $500K
Reported raises · per SEC filings
Form D private placements$46.3M disclosed across 3 rounds · 2021–2023
▶$10.5MraisedSep 2023 · 9 investors · Other TechnologyRule 506(b)
▶$10.5MraisedSep 2023 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Dave YuanDirector
- Mary DelaneyExecutive Officer, Director
- Joe OnofrioDirector
- John FreemanExecutive Officer, Director
- Jack NewtonDirector
- Offering amount
- $10.5M
- Amount sold
- $10.5M
- First sale
- Sep 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$26.9MraisedJan 2022 · 4 investors · OtherRule 506(b)
▶$26.9MraisedJan 2022 · 4 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Stuart McLeodExecutive Officer, Director
- John FreemanDirector
- Dave YuanDirector
- Joe OnofrioDirector
- Offering amount
- $27.9M
- Amount sold
- $26.9M
- First sale
- Dec 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8.9MraisedApr 2021 · 3 investors · OtherRule 506(b)
▶$8.9MraisedApr 2021 · 3 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Stuart McLeodExecutive Officer, Director
- John FreemanDirector
- Joe OnofrioDirector
- Offering amount
- $8.9M
- Amount sold
- $8.9M
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlap
Intuit®1380 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Fresh Books438 shared keywordsFreshBooks is a cloud-based accounting and invoicing platform designed for small service-based businesses. The software helps business owners manage invoicing, accounting, and financial connections with customers.
Companies competing with Karbon for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Karbon do?
- Karbon provides accounting practice management software for accounting firms, offering tools for team collaboration, workflow and task automation, client management, and email. It includes an AI assistant ("Kai") that draws on a firm's data to handle tasks and answer questions.
- Who founded Karbon?
- Karbon was founded by Stuart McLeod, John Freeman, Ian Vacin in 2014.
- Who are Karbon's investors?
- Karbon's investors include Blackbird Ventures, Five Elms Capital, Tidemark, TIMIA Capital, Toba Capital, 2am VC, Harmony, Olive Tree Capital and 5 more.
- How much funding has Karbon raised?
- Karbon has disclosed $46.3M raised across 3 rounds.
- Where is Karbon headquartered?
- Karbon is headquartered in San Francisco, US.