Startup
Campfire
AI-native ERP for growing technology companies: general ledger, bank reconciliation, invoicing and revenue accounting, the step up from QuickBooks or Xero and the way out of NetSuite.
| Founded | 2023, San Francisco |
|---|---|
| Founders | John Glasgow (CEO) |
| Stage | Series B |
| Total funding | $100m+ across seed ($3.5m), Series A ($35m, led by Accel, with Foundation Capital and Y Combinator) and Series B ($65m, co-led by Accel and Ribbit, twelve weeks later) |
| What it does | Core accounting and revenue recognition with AI-driven close; revenue has doubled six quarters running |
| Traction | Companies of 100+ staff replaced NetSuite within nine months of launch |
| Pricing | Not published |
| Markets | US and UK; London office since June 2026 |
| Peers | DualEntry, Rillet, NetSuite, Sage Intacct |
Funding
- Announced rounds
- US$100m in two rounds
- Latest round
- Series B, US$65m, October 2025, led by Accel and Ribbit Capital
Why it matters
Campfire has raised $100 million across three rounds in twelve months and its revenue has doubled for six consecutive quarters. Companies with more than 100 staff have moved from NetSuite to its AI-native ERP.
Accountio coverage
Part of Accountio’s accounting technology coverage.
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