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Financial Software - Wednesday, September 5, 2007

QuickBooks Founder Launches NetBooks

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Netbooks does not shy away from using the Quickbooks band to promote its software. The site even has a Netbooks vs. Quickbooks chart. Netbooks was after all created by Ridgely Evers who takes credit for launching Quickbooks and is now competing with that product with a Web-based offering.

Rohnert Park, CA-based NetBooks has raised $6.9M in Series A from CMEA Ventures, Integral Capital and angels. The company also secured a $2M line of credit from Square 1 Bank. NetBooks costs $200 per month for up to 5 users.

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