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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Tags: deal