QuickBooks founder launches NetBooks, raises $9M
NetBooks, a company based north of Silicon Valley (in Rohnert Park, Calif) that wants to offer a more complete accounting and business management software than the popular Quickbooks accounting software, has raised $9 million in financing.
Of that, $6.9 million of that was in equity, coming from CMEA Ventures, Integral Capital and individuals. The funding was accompanied by $2 million in debt from Square 1 Bank.
Founder and CEO Ridgely Evers, who calls himself “the man behind the original QuickBooks,” and a small business owner for more than 30 years, helped put the company together.
It is targeting companies with fewer than 50 people.
Here’s a snippet from the company’s announcement, explaining how it plans to offer something beyond Quickbooks:
NetBooks allows business owners to operate and control all aspects of their companies with completely integrated functionality spanning the full range of activity necessary to manage a business:
- Sales management
- Customer relationship management
- Vendor relationship management
- Production and inventory management
- Fulfillment and shipping
- Bookkeeping and reporting
All customer data is protected in a highly secure hosting facility that features bank-grade security, redundant infrastructure, and continuous data backup: a much safer environment for business-critical data than a local hard drive.
NetBooks, which goes to market today, offers a unique approach to customer support: each new customer is assigned a concierge to help owners identify all their business data and migrate into NetBooks. Interested companies can learn more at www.netbooks.com and sign up for a live online demo.
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