Get the latest tech news
Tiny AI ERP startup Campfire is winning so many startups from NetSuite, Accel led a $35M Series A
Campfire was launched in 2023 to upend 1990s-era enterprise resource planning accounting software (ERP) like Netsuite with an LLM-powered alternative.
AI-powered accounting startup Campfire announced Monday that it has raised a $35 million Series A led by Accel, with participation from Foundation Capital, Y Combinator, Capital49, and angel investors including Mercury’s CFO Dan Kang. Glasgow wound up with both the cash and an idea to build his own startup, one that would automate the drudgery in finance like reconciling payments on bills, revenue forecasts, and — the part he discovered during the Invoice2go deal — due diligence for M&A. “I was surprised that there were businesses of this size that were trusting their whole ERP to a 10-person, seed-stage project,” Accel’s John Locke, who had backed Invoice2Go, told TechCrunch of what had enticed him with Campfire.
Or read this on TechCrunch
