Startup
Rillet
AI-native general ledger and ERP for software and technology companies, built to replace QuickBooks at the low end and NetSuite at the high end, with automated revenue recognition, close and consolidation.
| Founded | 2022, New York; launched in August 2024; offices in San Francisco and Barcelona |
|---|---|
| Founders | Nicolas Kopp (CEO, former US CEO of N26), Stelios Modes |
| Stage | Series C |
| Total funding | More than $200m |
| Last round | Series C, $100m, August 2026, led by ICONIQ with Sequoia, Sequoia Global Equities, Andreessen Horowitz, Bain Capital Ventures, Oak HC/FT, Battery, FirstMark, Creandum and Scale Venture Partners. Valuation $1bn. |
| Earlier rounds | Series B $70m, 2025, led by a16z and ICONIQ; three raises in 14 months |
| What it does | General ledger, revenue recognition, billing, multi-entity consolidation and close automation, with native integrations to Stripe, payroll and banks |
| Traction | 600+ customers including public companies with $2bn in revenue; customers include Mercor, Function Health and Temporal; new ARR doubled in the latest quarter |
| Pricing | Not published; quoted per company |
| Markets | US, Europe |
| Peers | Campfire, DualEntry, Light, NetSuite, Sage Intacct |
Funding
- Announced rounds
- US$208.5m in four rounds
- Latest round
- Series C, US$100m, August 2026, led by ICONIQ
- Valuation
- Valued at US$1bn in August 2026, at its Series C
What was Rillet's last announced valuation?+
Rillet was valued at US$1bn in August 2026, at its Series C.
Why it matters
Rillet became a unicorn in August 2026, two years after leaving stealth, with more than $200 million raised. It is the front-runner among the AI-native ERPs competing to replace NetSuite for mid-market technology companies.
Part of Accountio’s accounting technology coverage.
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