Startobaza and Bars Ventures fund invest in cloud accounting

Startobaza and Bars Ventures fund invest in cloud accounting A company and business angel Startobaza and Bars Ventures fund announced the acquisition of a stake in the share capital of Nebo project which is a professional cloud accounting service. According to the participants of the deal, the assistance from new investors will help the project to make a real breakthrough in the market of business services. The amount of investment is not reported.

Online Accounting Nebo is a service for professional accountants. In addition to the salary calculation, taxes and the integration with client bank, the system provides a full-featured support for entries, double-entry accounting and chart of accounts, as well as the opportunity to keep records for several organizations within one account. In addition, the product has an integrated consulting system which may be helpful for novice accountants.

However, an additional distinction of Nebo from similar services is the possibility of internal document flow between its users. According to the director of the company Artem Turovets, the project team has extensive experience in accounting, management accounting and its automation, and it means the understanding of problems that novice accountants face: We have made a simple and intuitive interface, so that the system is easy to use despite of its advanced functionality.

Bars Ventures was created in 2011 by Timur Akhmerov who is the CEO of BARS Group Company, known in the market of state informatization. According to Akhmerov, his interest in start-ups began from regular appearances as a coach at Start In Garage education program. I am the managing partner of the Fund that aims to support areas that are interesting to me, but not quite fit into the strategy of BARS Group – Akhmerov says. Nebo is one of such projects.

Startobaza provides financial and strategic support for IT-start-ups from 2011.