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Sherpa Ventures and e.ventures leads $7m Series A for BackOps

11 Jul 2013

software2_lrgVenture capital firms Sherpa Ventures and e.ventures have co-led a $7m Series A round for managed service provider for back offices BackOps.

Google Ventures and existing investors including CrunchFund and Mark Pincus also participated in the round, which brings the company’s fundraising total to $9m.

BackOps says its platform combines proprietary automated software and a stay at home workforce, allowing companies to focus on running their businesses rather than their accounting, human resources and financial reporting systems.

It added that it is currently rapidly expanding into the medical and non-profit sectors.

Google Ventures partner Blake Byers said, “(CEO Kristen Koh Goldstein) and the BackOps team have built a company that is riding two Internet trends — the disruption of high-friction businesses, and the sharing economy.

“It’s a perfect relationship between business owners who can now focus their time and energy on their customers, and stay-at-home professionals who welcome the opportunity to use their skill set.”

Earlier this year e.ventures participated in a $14m financing round for luxury online designer goods reseller The RealReal.

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