SAN FRANCISCO, July 20, 2016 /PRNewswire/ -- ZipBooks has raised $2 million in seed funding from investors, including Liquid 2 Ventures, a seed-stage venture capital firm co-founded by Hall of Fame NFL quarterback Joe Montana with partners Michael Ma and Mike Miller. Peak Ventures led the round with Pelion Venture Partners and existing angel investors also participating.
The accounting software startup is raising the bar on what small businesses expect from their bookkeeping software. Thousands of companies already use ZipBooks to send invoices, track time and expenses, process credit card payments, and run accounting reports.
"ZipBooks is providing free accounting software with a better user experience and more interesting business model than any of the current paid options--that's why we invested," said Montana, General Partner at Liquid 2.
ZipBooks lets small businesses finance invoices and get paid today for accounts receivables that the business will collect in the next 30 to 90 days, making fees on those transactions and offering use of the software completely free. The Utah-based company will use the money to expand its team and underwriting capabilities.
"Liquid 2 Ventures caught the vision of what ZipBooks could become early on in the fundraising process, and their support has been invaluable," said Tim Chaves, founder and CEO of ZipBooks. "We feel that this new round of funding will help position us to win in a very large and exciting market."
About Liquid 2 Ventures:
Liquid 2 Ventures is a seed-stage venture capital firm that is an investor of opportunity in the world of technology startups. For more information, visit: http://www.liquid2.vc.
ZipBooks is the first accounting program that lets business owners send and finance an invoice in a single click. ZipBooks is on a mission to get business owners easier access to short-term capital. For more information, visit: http://www.zipbooks.com.
195 W Main Street
Lehi UT 84043
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/liquid-2-ventures-invests-in-accounting-startup-zipbooks-2m-seed-round-300301311.html