Zipbooks Raises $2M Seed Round Led By Peak Ventures

Peak caught the vision early on of what ZipBooks could become, and they’ve been a great partner as we’ve started to realize that vision.

We’ve got some Utah-on-Utah investment action today — Zipbooks has announced a $2 million seed round led by Peak Ventures with participation from Pelion Venture Partners, Liquid 2 Ventures, and existing angel investors.

“Peak caught the vision early on of what ZipBooks could become, and they’ve been a great partner as we’ve started to realize that vision,” Tim Chaves, CEO of ZipBooks, said in a statement. “Thousands of small business owners have fallen in love with this service over the past year, and we couldn’t be more excited to bring the ZipBooks experience to many more of them.”

I’m not going to delve too deeply into what Zipbooks is, mostly because I already did that (you can read the full article here). Today’s investment represents another step forward in the Zipbooks/Peak relationship, adding to the $300K micro investment in 2015. It also gives Zipbooks the necessary leeway to add another team member — Jaren Nichols (formerly Director of Global Sales Strategy at Insidesales.com) comes aboard as Chief Revenue Officer, turning Zipbooks operation from a two man game (Chaves and VP of Marketing Brad Hanks) into a three man weave.

To conclude, I’m going to write a funding poem because that’s what I currently do and will continue to do until somebody calls me an idiot for doing so. Side note: please don’t call me an idiot. Anyways, Zipbooks funding poem, here goes.

If Money Could Talk

If money could talk it would say this: 
I am hard to manage so 
good luck keeping track of where I’ve been 
and where I will go.

If a small business could talk it would say this: 
give me every hour you own 
give me blood sweat tears 
and when you’re done 
please remember to finish the books.

If a man could talk, let’s call him Tim, he would say this: 
do you like transparency 
do you like alleviated pressure 
do you like ease of use 
then I have something you need.

If software could talk, let’s call it Zipbooks, it would say this: 
use me to account for things 
every two weeks 
if you do I promise to give 
your time back.

If money could talk it would say this: 
climb the nearest Peak
 and take two million of my children 
use it to build a company 
that believes the best things in life 
are free.

Published 7/21/2016