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Peak Ventures leads USD2m seed investment in FinTech startup ZipBooks

Seed-stage venture fund Peak Ventures has led a USD2 million seed round investment in accounting software startup ZipBooks, with participation from Pelion Venture Partners, Liquid 2 Ventures and existing angel investors.

Peak Ventures led a USD300,000 micro investment raise in 2015.
 
"We are really impressed with the team at ZipBooks. They have been able to do a lot with very little," says Sid Krommenhoek, founder and managing partner at Peak Ventures. "Their ability to recruit top talent and execute on their business model has been impressive, and is only going to improve."
 
With the funding in place, ZipBooks has already been able to recruit additional talent. Jaren Nichols joins ZipBooks as chief revenue officer from Insidesales.com where he was director of global sales strategy. Previous to InsideSales.com, Nichols worked for Dropcam, Nest Labs, and Google and completed his MBA at Harvard Business School.
 
"Peak caught the vision early on of what ZipBooks could become, and they've been a great partner as we've started to realise that vision," says Tim Chaves, founder and CEO of ZipBooks. "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."

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