# Backstartup S.A.S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/backstartup-s-a-s

- Industry: Software
- Headquarters: Bogota, Colombia
- Website: www.backstartup.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Feb 17, 2021)
- Investors on record: 5

## About

Backstartup S.A.S is a Colombian company specializing in online accounting services for small and medium-sized enterprises (SMEs) and startups, ensuring financial compliance and up-to-date records through innovative technology and professional advisory.Backstartup S.A.S, founded in 2014 in Bogota, Colombia, provides online accounting solutions. The company was co-founded by Adriana Villamizar and is currently led by CEO Juana Barco. Backstartup has completed two investment deals, with the most recent funding round being a Seed round in February 2021, where they raised USD 1.2 mn led by Alaya Capital, alongside other investors such as DevLabs Ventures, LabCap, and Life Is Too Short Capital. The total amount raised by the company amounts to USD 1.2 mn, reflecting their strategic growth in the accounting services sector.Backstartup offers an innovative online accounting service designed to streamline financial management for small and medium-sized enterprises (SMEs) and startups. Their primary product integrates advanced technology with professional advisory services, ensuring businesses maintain up-to-date financial records while avoiding penalties from regulatory discrepancies. The platform features automated tax filing, monthly financial statement generation, and payroll management that captures employee updates efficiently. Backstartup serves a diverse clientele, including legal firms, consulting agencies, and healthcare providers, ensuring that complex financial needs are met with tailored solutions. Their services are marketed primarily in Latin America, catering to companies seeking reliable and efficient online accounting in this region.Backstartup's revenue for the most recent year, 2023, amounted to USD 181,161.10, with an EBITDA of USD 1,666.10. Their revenue model is structured around subscription-based plans tailored to the transaction volume of each client, allowing businesses to pay for services that scale with their needs. Clients engage with the platform to manage their accounting processes, including tax compliance and payroll handling, through a seamless online interface. The revenue generated from these subscription plans reflects Backstartup's commitment to delivering high-quality, expert accounting services to its client base.In February 2021, Backstartup S.A.S raised USD 1.2 mn in Seed financing to enhance their operational capabilities. The company plans to invest these funds in increasing the automation of manual processes to boost efficiency in marketing. Additionally, they aim to expand into Chile following their operations in Colombia and Mexico. Backstartup aspires to triple their monthly earnings this year as a result of these strategic initiatives.

## Funding rounds

- Seed, Feb 17, 2021, $1.2M — Alaya Capital, DevLabs Ventures, LabCap, 0BS, Life is Too Short Capital

## Investors

- Alaya Capital (https://capitalatlas.ai/funds/alaya-capital) — Seed
- DevLabs Ventures (https://capitalatlas.ai/funds/devlabs-ventures) — Seed
- LabCap (https://capitalatlas.ai/funds/labcap) — Seed
- 0BS (https://capitalatlas.ai/funds/0bs) — Seed
- Life is Too Short Capital (https://capitalatlas.ai/funds/life-is-too-short-capital) — Seed